1509 Santa Fe Ave Grants, NM 87020
High-Yield Walgreens, 15-Year Lease
Overview
- Added:
- Feb 14
- Days on market:
- 73
Highlights
- $5,073,921 asking price for a Walgreens-occupied retail property.
- 16,419 square foot building on a 4.25-acre lot in Grants, NM.
- Absolute NNN lease with Walgreens, 14 years remaining (15-year term starting February 22, 2024).
- 6.25% cap rate with 5% rent bumps every 5 years.
- Strong performing location with drive-thru, no pharmacy competition within 75 miles, and proximity to major retailers and Interstate 40/Route 66.
Property Details for 1509 Santa Fe Ave
- Property type
- Retail properties, Drug stores
- Square Feet
- 16,419 SF
- Year Built
- 2014
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 185,130 SF
Location Insight
- City
- Grants
- County
- Cibola
- State
- New Mexico
- Latitude
- 35.1293996
- Longitude
- -107.8282637
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Walgreens, 15-Year Lease
- Where is the retail property located?
- The property is located at 1509 Santa Fe Ave Grants, NM.
- What is the asking price?
- The asking price for this property is $5,073,921.
- What are key features of this property?
- This property features: $5,073,921 asking price for a Walgreens-occupied retail property.; 16,419 square foot building on a 4.25-acre lot in Grants, NM.; Absolute NNN lease with Walgreens, 14 years remaining (15-year term starting February 22, 2024).
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