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Walgreens 315 N Main St 14,259 SF Retail Building Belen, NM 87002 $6,485,398 CAD ($454.83 CAD/SF) 7% Cap Rate
Investment Highlights
- Absolute "NNN" Net Lease | Zero Landlord Responsibilities
- Corporate Lease Guarantee Walgreens Co.
- Minimal Drug Store Competition | Closest Walgreens 12+ Miles & CVS 32+ Miles Away
- 10+ Years of Firm Term Remaining | Lease extended October 2021 Demonstrating Strong Commitment To Site
- High-Visibility Hard Corner Location | Positioned At The Signalized Intersection of N Main Street & W Chavez Avenue w/ Traffic Counts Exceeding 20,900
- Strategic Position Within The Albuquerque MSA | Located in Belen, NM Approx. 30 Miles South of Albuquerque, Benefiting From Regional Economic Growth
Executive Summary
Absolute "NNN" Net Lease | Zero Landlord Responsibilities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,259 SF
Building Class
C
Year Built
2004
Price
$6,485,398 CAD
Price Per SF
$454.83 CAD
Cap Rate
7%
NOI
$453,978 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.55 AC
Zoning
C1
Parking
68 Spaces (6.44 Spaces per 1,000 SF Leased)
Frontage
337’ on Main St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-007-028-135-383-000000 | Improvements Assessment | $619,002 CAD |
| Land Assessment | $126,179 CAD | Total Assessment | $745,180 CAD |
Property Taxes
Parcel Number
1-007-028-135-383-000000
Land Assessment
$126,179 CAD
Improvements Assessment
$619,002 CAD
Total Assessment
$745,180 CAD
Contacts
-
Deno Bistolarides -
Brandon Hanna -
Dante Hargis -
Encore Real Estate Investment Services
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Walgreens | 315 N Main St
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