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Fast Stop 915 Silver Heights Blvd 1,544 SF Retail Building Silver City, NM 88061 $1,919,039 CAD ($1,242.90 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This Site Qualifies for Bonus Depreciation
- Absolute Triple Net Lease with No Landlord Responsibilities | Fast Stop is under an absolute triple net lease
- The site qualifies for bonus depreciation, & the tenant's strong reported sales make it a more attractive asset due to the associated tax efficiencies
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Fast Stop located at 915 Silver Heights Blvd, Silver City, NM 88061. The site consists of roughly 1,544 rentable square feet of building space on an estimated 0.66-acre parcel of land. This Fast Stop is subject to a 20-year Triple Net (NNN) lease, which commenced 10/27/2023. The current annual rent is $104,040 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,544 SF
Building Class
C
Year Built
1980
Price
$1,919,039 CAD
Price Per SF
$1,242.90 CAD
Cap Rate
7.50%
NOI
$143,928 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.66 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3080102428374 | Improvements Assessment | $144,501 CAD |
| Land Assessment | $81,081 CAD | Total Assessment | $225,582 CAD |
PROPERTY TAXES
Parcel Number
3080102428374
Land Assessment
$81,081 CAD
Improvements Assessment
$144,501 CAD
Total Assessment
$225,582 CAD
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Fast Stop | 915 Silver Heights Blvd
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