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Alta: Raton, NM 412 Clayton Rd 8,787 SF Retail Building Raton, NM 87740 $4,545,784 CAD ($517.33 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Operating history of over 19 years.
- Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
Executive Summary
CBRE is pleased to exclusively offer for sale the 8,787-square-foot Alta convenience store and gas station situated on 2.20 acres in Raton,NM. Alta’s absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
Business is not for sale.
Business is not for sale.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
8,787 SF
Building Class
C
Year Built
2007
Price
$4,545,784 CAD
Price Per SF
$517.33 CAD
Cap Rate
6.25%
NOI
$284,111 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.00 AC
Opportunity Zone
Yes
Parking
18 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
219’ on Clayton Road
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $609,370 CAD | |
| Land Assessment | $237,005 CAD | Total Assessment | $846,375 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$237,005 CAD
Improvements Assessment
$609,370 CAD
Total Assessment
$846,375 CAD
Contacts
-
Thomas Carr -
Christopher Bosworth -
Ty Grenier -
Brian Pfohl -
Leah Lindell -
Abby Kelly -
James Dountas -
CBRE
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Alta: Raton, NM | 412 Clayton Rd
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