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1608 7th St 7,400 SF 100% Leased Retail Building Las Vegas, NM 87701 $2,890,854 CAD ($390.66 CAD/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 10 Year NNN Sale Leaseback
  • Medical Anchored
  • Recently Renovated
  • Zero LL Responsibilities
  • Strong Tenant with multiple locations throughout the Southwest

EXECUTIVE SUMMARY

Absolute Investment Realty has been selected as the exclusive representative for the sale of this attractive Medical Office Property located in Las Vegas New Mexico.  Tenants include Foot & Ankle Specialist along with Cricket and a Dreamz Dispensary a retail cannabis dispensary.
This stunning medical office property boasts a prime location in the heart of a bustling commercial district in Las Vegas, NM. The recently renovated property features contemporary design elements and high-quality finishes throughout.
This impressive medical office property represents a unique and lucrative investment opportunity, offering stable, long-term cash flow potential and strong appreciation prospects. Don't miss out on the chance to add this exceptional property to your portfolio and capitalize on the growing demand for healthcare services. Contact us today to learn more.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,400 SF
Building Class
B
Year Built
2006
Price
$2,890,854 CAD
Price Per SF
$390.66 CAD
Cap Rate
6.50%
NOI
$187,906 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.46 AC
Zoning
C-1 - Neighborhood Commercial Zone
Parking
21 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
140’ on 7th Street

AMENITIES

  • Pylon Sign

NEARBY MAJOR RETAILERS

Anytime Fitness
Rent-A-Center
Lowe's Market
Blake's Lotaburger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82000
Land Assessment
$40,949 CAD
Improvements Assessment
$290,902 CAD
Total Assessment
$331,851 CAD
  • Listing ID: 34162771

  • Date on Market: 2024-12-11

  • Last Updated:

  • Address: 1608 7th St, Las Vegas, NM 87701

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