360 Sudderth Dr - Freestanding FOR SALE
Ruidoso, NM 88345 |
360 Sudderth Dr
Ruidoso, NM 88345
HIGHLIGHTS
- Strong corporate guaranteed lease / Medicine Man Technologies, INC. (SCHWAZZE) (OTCQX : SHWZ) (NEO : SHWZ) | 2022 revenue: $160M
- New long term 10-year lease plus multiple options to renew | 2 (5-YR) options to renew lease for a potential 20 years total term
- Fixed 10% rental increases every 5 years including the option periods
- NNN Lease / Ease of management
- New Mexico cannabis sales | Monthly sales of over $32M in March of 2023
- Located on major retail corridor | Proximity to Denny’s, Sonic Drive-In, KFC, McDonald’s, Taco Bell, and Subway
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
R.Greenleaf-STNL Cannabis-NNN-10 YR Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Fast Food, Restaurant
TOTAL BUILDING SIZE
1600
STORIES
1
YEAR BUILT
1972
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
4074065167404000000
