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Fast Stop 3 Rio de Arenas 2,040 SF Retail Building Arenas Valley, NM 88022 $2,496,960 ($1,224/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- This Site Qualifies for Bonus Depreciation
- Attractive 2% Annual Rental Increases
- Absolute Triple Net Lease with No Landlord Responsibilities
- Strong Tenant and Corporate Guarantee
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Fast Stop located at 3 Rio De Arenas Rd, Arenas Valley, NM 88022. The site consists of roughly 2,040 rentable square feet of building space on an estimated 2.45-acre parcel of land. This Fast Stop is subject to a 20-year Triple Net (NNN) lease, which commenced 10/27/2023. The current annual rent is $187,272 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,040 SF
Building Class
A
Year Built
1985
Price
$2,496,960
Price Per SF
$1,224
Cap Rate
7.50%
NOI
$187,272
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.45 AC
Frontage
278’ on Rio De Arenas Road
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Fast Stop | 3 Rio de Arenas
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