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Dental Office - Triple Net Lease 3472 Main St 5,381 SF Office Building Los Lunas, NM 87031 $2,405,170 CAD ($446.97 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Lease (Minor LL Responsibilities)
- 8 Years Remaining on Lease Term
- Prime Location
- 3.00% Annual Escalations
- High Quality Dental Tenant
- Modern Updated Facilities
EXECUTIVE SUMMARY
The property a single-tenant net leased property. Tenured dental practice with 8 years remaining on a triple net lease (NNN) this is a lucrative opportunity. Here’s a summary of key points to consider:
The Lease commenced July 1, 2023 and Expires June 1, 2033. The Tenant has two 5 year option to renew the lease, which, if exercised, would take the lease expiration to June 30, 2043. The lease has annual rent escalations of 3.00% every year for the initial term and through the Option term.
Net leased investment real estate is scarce in in New Mexico, making this the ideal opportunity for a savvy investor to acquire real estate in an accelerating growth zone.
The Lease commenced July 1, 2023 and Expires June 1, 2033. The Tenant has two 5 year option to renew the lease, which, if exercised, would take the lease expiration to June 30, 2043. The lease has annual rent escalations of 3.00% every year for the initial term and through the Option term.
Net leased investment real estate is scarce in in New Mexico, making this the ideal opportunity for a savvy investor to acquire real estate in an accelerating growth zone.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,381 SF
Building Class
B
Year Built
1990
Price
$2,405,170 CAD
Price Per SF
$446.97 CAD
Cap Rate
9%
NOI
$216,465 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,381 SF
Building FAR
0.11
Lot Size
1.11 AC
Zoning
C-1 - C-1 zoning in Los Lunas, NM, is designated for neighborhood commercial districts
Parking
45 Spaces (4.65 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 1-011-038-343-499-000000 | Improvements Assessment | $367,705 CAD |
| Land Assessment | $113,119 CAD | Total Assessment | $480,824 CAD |
PROPERTY TAXES
Parcel Number
1-011-038-343-499-000000
Land Assessment
$113,119 CAD
Improvements Assessment
$367,705 CAD
Total Assessment
$480,824 CAD
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Dental Office - Triple Net Lease | 3472 Main St
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