3 Rio de Arenas - Service Station FOR SALE


Arenas Valley, NM 88022
$2,496,960 USD
203-887-8797
3 Rio de Arenas, Arenas Valley, NM for Sale
$2,496,960 USD
Service Station - FOR SALE
1/2
null | 7.5% Cap Rate

3 Rio de Arenas
Arenas Valley, NM 88022


HIGHLIGHTS

  • This Site Qualifies for Bonus Depreciation
  • Absolute Triple Net Lease with No Landlord Responsibilities
  • Attractive 2% Annual Rental Increases
  • Strong Tenant and Corporate Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a Fast Stop located at 3 Rio De Arenas Rd, Arenas Valley, NM 88022. The site consists of roughly 2,040 rentable square feet of building space on an estimated 2.45-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 $187,272 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,496,960 USD

PRICE/SF

$518 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fast Stop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

-

APN/PARCEL ID

2315

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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