401 N Main St - Fast Food FOR SALE
Belen, NM 87002 |
$2,713,000 USD
314-324-8792
401 N Main St
Belen, NM 87002
HIGHLIGHTS
- Starbucks signed a new 10-year lease and is rated BBB+ (S&P) providing long term security and cash flow.
- Newly constructed building with drive-thru minimizes any future CAPX responsibilities.
- Starbucks required a new curbed median along Main St. providing easy ingress to the property from the south.
- Tenant reimburses landlord for all taxes, insurance, CAM, and maintains the HVAC system.
- The property is situated along S. Main St. which provides high visibility and accessibility, whether coming from the north or south.
- Projected population growth of 7.5% over the next five years.
FOR SALE DETAILS
PRICE
$2,713,000 USD
PRICE/SF
$1,183 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,469 SF
ZONING
-
APN/PARCEL ID
1-007-028-151-423-000000
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314-324-8792
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314-324-8792
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