123 W 12th St - Convenience Store FOR SALE
Silver City, NM 88061 |
$2,219,520 USD
203-887-8797
123 W 12th St
Silver City, NM 88061
HIGHLIGHTS
- This Site Qualifies for Bonus Depreciation
- The site qualifies for bonus depreciation, & the tenant's strong reported sales make it an attractive asset due to the associated tax efficiencies
- Absolute Triple Net Lease with No Landlord Responsibilities | Fast Stop is under an absolute triple net lease
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term
OVERVIEW
Surmount is pleased to present the exclusive listing for a Fast Stop located at 123 W 12th Street, Silver City, NM 88061. The site consists of roughly 2,160 rentable square feet of building space on an estimated 1-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 $166,464 and has scheduled increases of 2.00% annually.
FOR SALE DETAILS
PRICE
$2,219,520 USD
PRICE/SF
$769 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fast Stop
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
3081103224046
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203-887-8797
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203-887-8797
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