2126 Hwy 333 Hwy 333 - Retail FOR SALE


Edgewood, NM 87015
$799,999 USD
323-609-4405
2126 Hwy 333 Hwy 333, Edgewood, NM for Sale
$799,999 USD
Retail - FOR SALE
1/3
null | 7.85% Cap Rate

2126 Hwy 333 Hwy 333
Edgewood, NM 87015


HIGHLIGHTS

  • MORE THAN 6 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF HIGHWAY 333 | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • ZERO LANDLORD RESPONSIBILITIES | CORPORATE GUARANTEE | MANAGEMENT-FREE

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Western Trails Veterinary Hospital property located in Edgewood, New Mexico. The Tenant, Heartland Veterinary Partners has 6 years remaining in their initial term with two (2) 10-year options to extend. The lease features 2% annual rental increases. The lease is a triple net with zero landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States. Western Trails Veterinary Hospital is strategically located on Highway 333. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Highway 333. It shares the Edgewood area with businesses like Walgreens, Dollar Tree, and McDonald’s. The location benefits from the frequent street traffic of Highway 333 which sees 5,941 vehicles daily. The 5-mile trade area is supported by a population of 11,225 and 1,274 daytime employees with an average household income of $82,254.

FOR SALE DETAILS

PRICE

$799,999 USD

PRICE/SF

$186 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

-

APN/PARCEL ID

098207268

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.