For Sale
$2,218,181
4901 Main St Farmington, NM 87402
Brand new Maverik, strong corporate guarantee.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $2,218,181 asking price for a brand-new, 4,425 SF Maverik convenience store and gas station.
- 15-year absolute triple-net (NNN) ground lease with 10 five-year renewal options, extending the potential lease term to 65 years.
- 8% rental increases every five years throughout the base term and each renewal option period.
- Corporate guaranteed lease with a strong location in Farmington, NM.
- 100% occupancy with a current annual net operating income (NOI) of $122,000 and a 5.50% cap rate.
- Situated on a 1.44-acre lot adjacent to new developments including Tidal Wave Auto Spa, Seven Brew Coffee, and a future big box retailer.
Property Details for 4901 Main St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 4,425 SF
- Year Built
- 2023
- Lot Size (sq. ft)
- 62,726 SF
Location Insight
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Latitude
- 36.7654959
- Longitude
- -108.1477772
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Brand new Maverik, strong corporate guarantee.
- Where is the retail property located?
- The property is located at 4901 Main St Farmington, NM.
- What is the asking price?
- The asking price for this property is $2,218,181.
- What are key features of this property?
- This property features: $2,218,181 asking price for a brand-new, 4,425 SF Maverik convenience store and gas station.; 15-year absolute triple-net (NNN) ground lease with 10 five-year renewal options, extending the potential lease term to 65 years.; 8% rental increases every five years throughout the base term and each renewal option period.
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