3520-3550 E Main St
Farmington, NM 87402
Retail Property For Sale

SVN Chicago Commercial is pleased to propose the sale of a rare Absolute NNN Ground Lease opportunity leased to The Home Depot (NYSE: HD - S&P A Rated Investment Grade Credit). This investment offers 100% fee simple interest with approximately 9 years remaining on the original 25 year lease also including seven 5 year options to renew the lease. There are 8.5% rental increases occurring in 2022 for the remaining five years of the initial lease term, as well as every other option period. The subject investment grade property is located at 3560 E. Main Street in Farmington, New Mexico. The Home Depot is co-anchor with national grocer Safeway in Plaza Farmington, a 268,525 square foot shopping center with excellent tenancy including: Petco, Best Buy, TJ Maxx, Office Depot, AT&T, & IHOP. The site is also within close proximity (one mile) to Animas Valley Mall, a General Growth owned property which includes Dillard's, JC Penney, Sears, Ross Dress for Less, and Animas 10 Theaters along with many other national mall retailers. The Home Depot has excellent exposure and access (two access points with traffic lights) to State Highway 516 (Main Street) which sees over 13,000 vehicles pass the site daily and lies approximately one mile north of US Route 64. The Four Corners Regional Airport is also in close proximity to the site and is within a 10 minutes via vehicle.