For Sale
$2,156,000

1511 Lime StDeming, NM 88030

High-yield medical clinic investment.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a 6,500 square foot medical clinic and urgent care center situated in Deming, New Mexico, at 1511 Lime Street, zip code 88030. Built in late 2006, the property boasts a prime location on a highly visible route, ensuring excellent accessibility and exposure. The facility features a spacious reception area, twelve individual rooms, and six bathrooms, catering to a wide range of medical services. Ample parking is available, including covered, open, and ADA-designated spaces. A significant advantage is the 44 KW photovoltaic inter-tie grid solar system installed in 2017, contributing to energy efficiency and cost savings. Currently under a triple net lease expiring December 31, 2033, the tenant is responsible for all taxes, insurance, utilities, and non-structural repairs. The property generates a substantial annual net operating income (NOI) of $161,700 for 2024, with a 2.5% annual rent escalation clause projected to reach $201,941 by 2033. This represents a strong, long-term investment with a secure income stream. The property is classified as Special Purpose, Land, and is offered at an asking price of $2,156,000.

Highlights

  • 6,500 SF medical clinic & urgent care center in Deming, NM (88030) at 1511 Lime Street.
  • Built in 2006, prime, highly visible location.
  • Features spacious reception, 12 exam rooms, 6 bathrooms, ample parking (covered, open, ADA).
  • 44 KW solar system (installed 2017) reduces operating costs.
  • Triple-net lease expiring 12/31/2033; $161,700 NOI (2024), projected to reach $201,941 by 2033 (2.5% annual escalation).
  • Asking price: $2,156,000; Special Purpose Land designation.

Property Details for 1511 Lime St

Property type
Specialty properties, Land

Location Insight

City
Deming
County
Luna
State
New Mexico
Latitude
32.253624
Longitude
-107.7669899
1511 Lime St, Deming, New Mexico

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1511 Lime St
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