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Fast Stop 915 Silver Heights Blvd 1,544 SF Retail Building Silver City, NM 88061 $1,387,200 ($898.45/SF) 7.50% Cap Rate
Investment Highlights
- This Site Qualifies for Bonus Depreciation
- Absolute Triple Net Lease with No Landlord Responsibilities | Fast Stop is under an absolute triple net lease
- The site qualifies for bonus depreciation, & the tenant's strong reported sales make it a more attractive asset due to the associated tax efficiencies
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term
Executive Summary
Surmount is pleased to present the exclusive listing for a Fast Stop located at 915 Silver Heights Blvd, Silver City, NM 88061. The site consists of roughly 1,544 rentable square feet of building space on an estimated 0.66-acre parcel of land. This Fast Stop is subject to a 20-year Triple Net (NNN) lease, which commenced 10/27/2023. The current annual rent is $104,040 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,544 SF
Building Class
C
Year Built
1980
Price
$1,387,200
Price Per SF
$898.45
Cap Rate
7.50%
NOI
$104,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.66 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 3080102428374 | Improvements Assessment | $144,911 |
| Land Assessment | $57,500 | Total Assessment | $202,411 |
Property Taxes
Parcel Number
3080102428374
Land Assessment
$57,500
Improvements Assessment
$144,911
Total Assessment
$202,411
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Fast Stop | 915 Silver Heights Blvd
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