4906 Main St Farmington, NM 87402
Chipotle & Stanton Optical Plaza
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- 2017-built, new construction with Chipotle and Stanton Optical as tenants. Chipotle has a 4+ year lease with three 5-year options; Stanton Optical has a 3+ year lease with four 5-year options.
- Both leases feature 10% rent increases at each renewal, providing strong revenue growth and inflation protection.
- Net leases with minimal landlord responsibilities; tenants cover all operating expenses, repairs, and maintenance.
- Investment-grade tenants: Chipotle (corporate guarantee, $9.9B 2023 revenue) and Stanton Optical (part of Now Optics, a top 15 optical retailer).
- Excellent Farmington, NM location on heavily trafficked E Main Street (NM Route 516), near Target, Walmart, and Chick-fil-A, with strong visibility and access.
- High daily traffic counts exceeding 29,500 vehicles on E Main Street.
Property Details for 4906 Main St
- Property type
- Retail properties, Retail space
- Square Feet
- 5,078 SF
- Year Built
- 2017
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 30,492 SF
- Units
- 2
Location Insight
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Latitude
- 36.767694773589
- Longitude
- -108.14788250519
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Chipotle & Stanton Optical Plaza
- Where is the retail property located?
- The property is located at 4906 Main St Farmington, NM.
- What is the asking price?
- The asking price for this property is $2,874,740.
- What are key features of this property?
- This property features: 2017-built, new construction with Chipotle and Stanton Optical as tenants. Chipotle has a 4+ year lease with three 5-year options; Stanton Optical has a 3+ year lease with four 5-year options.; Both leases feature 10% rent increases at each renewal, providing strong revenue growth and inflation protection.; Net leases with minimal landlord responsibilities; tenants cover all operating expenses, repairs, and maintenance.
- How can I contact the broker?
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