414 E Pine St - Freestanding FOR SALE


Deming, NM 88030
$2,272,000 USD
949-506-5027
414 E Pine St, Deming, NM for Sale
$2,272,000 USD
Freestanding - FOR SALE
1/10
null | 5.5% Cap Rate

414 E Pine St
Deming, NM 88030


HIGHLIGHTS

  • 8 Years Remaining | Corporate Signed Investment Grade Tenant | Scheduled Rental Increases
  • NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Main Retail Corridor of Deming | Nearby National Tenants
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NASDAQ: TSCO), investment grade (S&P: BBB) Tractor Supply investment property located in Deming, NM. There are 8 years left on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,272,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

CROSS STREETS

Ruby

LAND ACRES

2.09 AC

LAND SF

90,866 SF

ZONING

C2

APN/PARCEL ID

3051138087002

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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