811 Paseo Del Pueblo Sur - Drug Store FOR SALE


Taos, NM 87571
$4,950,000 USD
505-880-7050
811 Paseo Del Pueblo Sur, Taos, NM for Sale
$4,950,000 USD
Drug Store - FOR SALE
1/4
null | 6.25% Cap Rate

811 Paseo Del Pueblo Sur
Taos, NM 87571


HIGHLIGHTS

  • Absolute NNN Walgreens Zero landlord responsibilities
  • 13.5 Years Remaining on Primary Term Long-term, secure income stream
  • 5% Rental Increases Every 5 Years - Embedded rent growth
  • Only National Drugstore in Taos No direct national competition within 40+ miles

OVERVIEW

The offering presents the opportunity to acquire an absolute NNN leased Walgreens located at 811 Paseo del Pueblo Sur in Taos, New Mexico, the primary commercial corridor and economic hub of northern New Mexico. The property is offered at a purchase price of $4,950,000, providing a 6.25% cap rate on current income with approximately 13.5 years remaining on the primary lease term. Walgreens operates under an absolute NNN lease, resulting in zero landlord responsibilities, and features 5% rental increases every five years, offering built-in income growth over the hold period. The asset is well positioned as the only national branded drugstore in Taos and the only Walgreens within a 40+ mile radius, supporting long-term tenant commitment and durable cash flow.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

-

APN/PARCEL ID

15325

ASK ABOUT THIS PROPERTY

Bill RobertsonColliers New MexicoMore Info
505-880-7050

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

Bill RobertsonColliers New MexicoMore Info
505-880-7050

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