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401 N Main St
Belen, NM 87002
Starbucks · Retail Property For Sale
Investment Highlights
- Starbucks signed a new 10-year lease and is rated BBB+ (S&P) providing long term security and cash flow.
- Starbucks required a new curbed median along Main St. providing easy ingress to the property from the south.
- The property is situated along S. Main St. which provides high visibility and accessibility, whether coming from the north or south.
- Newly constructed building with drive-thru minimizes any future CAPX responsibilities.
- Tenant reimburses landlord for all taxes, insurance, CAM, and maintains the HVAC system.
- Projected population growth of 7.5% over the next five years.
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,293 SF
Year Built
2024
Building Height
1 Story
Building FAR
0.10
Lot Size
0.52 AC
Frontage
152’ on North Main Street
Property Taxes
| Parcel Number | 1-007-028-151-423-000000 | Improvements Assessment | $402,184 |
| Land Assessment | $29,728 | Total Assessment | $431,912 |
Property Taxes
Parcel Number
1-007-028-151-423-000000
Land Assessment
$29,728
Improvements Assessment
$402,184
Total Assessment
$431,912
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