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Fast Stop 123 W 12th St 2,160 SF Retail Building Silver City, NM 88061 $3,070,462 CAD ($1,421.51 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This Site Qualifies for Bonus Depreciation
- Absolute Triple Net Lease with No Landlord Responsibilities | Fast Stop is under an absolute triple net lease
- The site qualifies for bonus depreciation, & the tenant's strong reported sales make it an attractive asset due to the associated tax efficiencies
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Fast Stop located at 123 W 12th Street, Silver City, NM 88061. The site consists of roughly 2,160 rentable square feet of building space on an estimated 1-acre parcel of land. This Fast Stop is subject to a 20-year Triple Net (NNN) lease, which commenced 10/27/2023. The current annual rent is $166,464 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,160 SF
Building Class
C
Year Built
1980
Price
$3,070,462 CAD
Price Per SF
$1,421.51 CAD
Cap Rate
7.50%
NOI
$230,285 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Opportunity Zone
Yes
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3081103224046 | Improvements Assessment | $0 CAD |
| Land Assessment | $58,398 CAD | Total Assessment | $58,398 CAD |
PROPERTY TAXES
Parcel Number
3081103224046
Land Assessment
$58,398 CAD
Improvements Assessment
$0 CAD
Total Assessment
$58,398 CAD
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Fast Stop | 123 W 12th St
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