505 E 20th St - Fast Food FOR SALE


Farmington, NM 87401
$2,455,415 USD
505-292-9607
505 E 20th St, Farmington, NM for Sale
$2,455,415 USD
Fast Food - FOR SALE
1/6
null | 6.15% Cap Rate

505 E 20th St
Farmington, NM 87401


HIGHLIGHTS

  • 10-year corporate net lease
  • Minimal landlord responsibilities
  • Household income of $93,741 within a 5 mile radius
  • Rare infill location
  • Across from Farmington High School and Shadow Grocery anchor

OVERVIEW

This newly constructed Starbucks drive-thru at 505 20th Street presents a rare infill investment opportunity in the heart of Farmington, New Mexico. Backed by a 10-year corporate-guaranteed net lease, the asset offers passive income with minimal landlord responsibilities. The property sits on a 0.68-acre parcel and features a ±1,294 SF freestanding building designed for pick-up and drive-thru service, aligning with Starbucks’ evolving customer convenience model. Strategically located across from Farmington High School and adjacent to Smith’s Grocery and Wells Fargo, the site benefits from strong co-tenancy and high visibility. The surrounding trade area is anchored by top-performing retailers including Walgreens and Dollar General, each ranking #1 in local foot traffic according to Placer.ai. Traffic counts exceed 14,000 VPD on nearby corridors, reinforcing the site’s accessibility and exposure. Demographics within a 5-mile radius show a household income of $93,741 and a population of over 18,000, with a balanced mix of millennials, Gen X, and baby boomers. The property is surrounded by schools, parks, and community amenities, making it a central node in Farmington’s retail landscape. With a 6.15% cap rate and a stable corporate tenant, this offering is ideal for investors seeking long-term, low-maintenance income in a growing regional market.

FOR SALE DETAILS

PRICE

$2,455,415 USD

PRICE/SF

$1,898 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,435 SF

ZONING

-

APN/PARCEL ID

0022092

ASK ABOUT THIS PROPERTY

Clayton KingKing CapitalMore Info
505-292-9607

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

Clayton KingKing CapitalMore Info
505-292-9607

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