7 Nm-344Edgewood, NM 87015

Exceptional investment opportunity: a brand-new, 2,425 square foot Starbucks located in Edgewood, New Mexico, at the southwest corner of I-40 and NM Hwy 344. This single-tenant, net-leased property boasts a 5.60% cap rate and a strong NOI of $142,200. The property features a 10-year corporate guarantee lease with 10% fixed rental increases every five years, minimizing landlord responsibilities. Built in 2023 and opened in August 2023, this location benefits from excellent visibility to I-40, with over 40,000 vehicles passing daily, and prime signage opportunities. Its strategic location is adjacent to established businesses like Smith's, McDonald's, and a recently developed Champion Xpress Car Wash. The property sits on a 0.973-acre lot and enjoys a high household income of $84,000 within a 5-mile radius. The asking price is $2,539,285. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a blue-chip tenant in a rapidly growing area. The property is zoned commercial and features one story building.