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FAMILY DOLLAR 15052 NM-75 9,180 SF Retail Building Penasco, NM 87553 $1,648,724 CAD ($179.60 CAD/SF) 8.50% Cap Rate

Mixed Use Properties New Mexico Penasco 15052 NM-75, Penasco, NM 87553

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INVESTMENT HIGHLIGHTS

  • 2010 Built to Suit Construction for Family Dollar
  • Extremely healthy Rent-to-Sales ratio of 4.86% – contact agent for more details
  • Extremely strong corporately guaranteed lease from Dollar Tree
  • Located between Santa Fe and the popular resort town of Taos
  • Tenant extended the term of their first option, showing a long term commitment to the site
  • Five, 5-year options, all of which include an attractive rental increase

EXECUTIVE SUMMARY

Broker of Record
Brian Brockman
License #: 20241
Bang Realty-New Mexico Inc
bor@bangrealty.com
513-898-1551

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,180 SF
Building Class
C
Year Built
2010
Price
$1,648,724 CAD
Price Per SF
$179.60 CAD
Cap Rate
8.50%
NOI
$140,142 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.90 AC
Zoning
C - Commercial
Parking
15 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
162’ on New Mexico 75

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Family Dollar
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Family Dollar - - - -

LINKS

1 1
(214) 692-2927

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 32394913

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 15052 NM-75, Penasco, NM 87553

The Retail Property at 15052 NM-75, Penasco, NM 87553 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

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FAMILY DOLLAR | 15052 NM-75
(214) 692-2927 x

FAMILY DOLLAR | 15052 NM-75

Scotty Latimer
(214) 692-2927

Josh Bishop
(214) 692-2289

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