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Foot and Ankle Specialists 511 E Nizhoni Blvd 2,070 SF 100% Leased Office Building Gallup, NM 87301 $572,753 ($276.69/SF) 8.50% Cap Rate
Investment Highlights
- 3% Annual Escalations
- 10 Year - Modified NNN
- Multiple Locations in the SW
- Single Tenant Leased
- Strong National Credit Tenant
Executive Summary
Absolute Investment Realty is pleased to present this opportunity to acquire a rare, single tenant net leased medical investment property located in the growing city of Gallup, New Mexico. Positioned along historic Route 66, Gallup serves as a key commercial and cultural hub for the surrounding region.
The property is located on Nizhoni Blvd in a well-trafficked corridor with strong accessibility and proximity to major roads, including I-40. Net leased investment opportunities are limited in this market, making this an attractive option for investors seeking stable, long-term income in an underserved trade area.
With steady demand for healthcare services, this established net leased medical property is a compelling long-term investment opportunity.
The property is located on Nizhoni Blvd in a well-trafficked corridor with strong accessibility and proximity to major roads, including I-40. Net leased investment opportunities are limited in this market, making this an attractive option for investors seeking stable, long-term income in an underserved trade area.
With steady demand for healthcare services, this established net leased medical property is a compelling long-term investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,070 SF
Building Class
B
Year Built/Renovated
1982/2019
Price
$572,753
Price Per SF
$276.69
Cap Rate
8.50%
NOI
$48,684
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,070 SF
Building FAR
0.17
Lot Size
0.28 AC
Zoning
GC - General Commercial
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R618926 | Improvements Assessment | $66,168 |
| Land Assessment | $16,640 | Total Assessment | $82,808 |
Property Taxes
Parcel Number
R618926
Land Assessment
$16,640
Improvements Assessment
$66,168
Total Assessment
$82,808
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Foot and Ankle Specialists | 511 E Nizhoni Blvd
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