804 S Main St - Storefront FOR SALE


Belen, NM 87002
$699,000 USD
505-710-5088
804 S Main St, Belen, NM for Sale
$699,000 USD
Storefront - FOR SALE
1/15
null | Request Cap Rate

804 S Main St
Belen, NM 87002


HIGHLIGHTS

  • Current Tenant on a 6 year lease that commenced on June 1st, 2023
  • enant paying $6000 per month with 3% annual increases
  • Owner pays property taxes and insurance ONLY which equates to roughly $450/month
  • Property located in the heart of Belen on Main Street close to restaurants, retail, hospitality and residential housing

OVERVIEW

804 S Main St. was previously a high income producing convenience store and gas station. It has since been converted to a successful cannabis retailer. This will be a great investment.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-4

APN/PARCEL ID

1-007-027-063-521-000000

ASK ABOUT THIS PROPERTY

Chris ByrdR1 CommercialMore Info
505-710-5088

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Chris ByrdR1 CommercialMore Info
505-710-5088

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