2245 Main St SE | Los Lunas, NM 87031
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2245 Main St SE
Los Lunas, NM 87031
R. Greenleaf Cannabis (Albuquerque MSA) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New, 12-Year, Triple Net (NNN) Lease With Full Term Remaining | 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
- Brand New Location, Recently Renovated and Now Open! New Roof With a 15-Year Warranty, Two New HVAC’s, and More!
- Adjacent to Albertson’s Market and Within 0.5 Mile of Smith’s Food & Drug Store, the Two Main Grocery Stores in the Los Lunas Submarket
- Average Cap Rate of 8.61% During Base Term of Lease | Store Sales on Track to Exceed $5 Million Annually
- Other surrounding national retailers include PetSmart, Dollar Tree, Family Dollar, Ace Hardware, AutoZone, O’Reilly Auto Parts, Cricket Wireless
- Albuquerque is Set to Be the Home of Netflix Studios – the Company Has Plans to More Than Double Their Current Production Hub in Albuquerque
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1980/2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.86 AC
Frontage
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 1-011-038-161-242-000000 | Improvements Assessment | $164,857 |
| Land Assessment | $30,492 | Total Assessment | $195,349 |
PROPERTY TAXES
Parcel Number
1-011-038-161-242-000000
Land Assessment
$30,492
Improvements Assessment
$164,857
Total Assessment
$195,349
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