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7 Brew Coffee 4109 E Main St 4,425 SF 100% Leased Retail Building Farmington, NM 87402 $1,344,000 ($303.73/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Ground Lease | Zero Landlord Responsibilities | The property is subject to a long-term absolute triplenet lease
- Rental Increases Of Ten Percent (10.00%) Every Five (5) Years | The lease of the subject property features rental increases of 10.00% every five years
- Fifteen (15)-Year Lease | Approximately Fifteen (15) Years Remaining | Three (3), Five (5)-Year Options
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a 7 Brew Coffee located at 4109 E Main St, Farmington, NM 87402. The site consists of roughly 510 rentable square feet of building space on an estimated 0.91-acre parcel of land. This 7 Brew Coffee is subject to a 15-year Ground lease, which commences 10/15/2025. The current annual rent is $84,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
4,425 SF
Building Class
B
Year Built
2023
Price
$1,344,000
Price Per SF
$303.73
Cap Rate
6.25%
NOI
$84,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.91 AC
Frontage
341’ on East Main Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2073173153360 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $196,448 |
PROPERTY TAXES
Parcel Number
2073173153360
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$196,448
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7 Brew Coffee | 4109 E Main St
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