3850 Southern Blvd SE - Auto Repair FOR SALE


Rio Rancho, NM 87124
$1,472,000 USD
480-221-4221
3850 Southern Blvd SE, Rio Rancho, NM for Sale
$1,472,000 USD
Auto Repair - FOR SALE
1/7
null | 6% Cap Rate

3850 Southern Blvd SE
Rio Rancho, NM 87124


HIGHLIGHTS

  • 13+ Years Remaining | Options To Extend |Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Adjacent To Walmart (42,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant has approximately 13+ years remaining with 5 (5-year) opions to extend, demonstrating their commitment to the site • The lease features a 10% rental increase in year 11, and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,472,000 USD

PRICE/SF

$1,119 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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