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Walgreens 811 Paseo Del Pueblo Sur 16,224 SF Retail Building Taos, NM 87571 $4,950,000 ($305.10/SF) 6.25% Cap Rate

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Investment Highlights

Absolute NNN Walgreens Zero landlord responsibilities
5% Rental Increases Every 5 Years - Embedded rent growth

13.5 Years Remaining on Primary Term Long-term, secure income stream
Only National Drugstore in Taos No direct national competition within 40+ miles

Executive Summary

The offering presents the opportunity to acquire an absolute NNN leased Walgreens located at 811 Paseo del Pueblo Sur in Taos, New Mexico, the primary commercial corridor and economic hub of northern New Mexico. The property is offered at a purchase price of $4,950,000, providing a 6.25% cap rate on current income with approximately 13.5 years remaining on the primary lease term. Walgreens operates under an absolute NNN lease, resulting in zero landlord responsibilities, and features 5% rental increases every five years, offering built-in income growth over the hold period. The asset is well positioned as the only national branded drugstore in Taos and the only Walgreens within a 40+ mile radius, supporting long-term tenant commitment and durable cash flow.

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