For Sale
$725,000

1116 Riverside DrEspañola, NM 87532

Española, NM Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
Riverside Plaza, located at 1116 N Riverside Dr, Española, NM 87532, presents a compelling investment opportunity in a high-traffic area. This single-story, 5,219 square foot shopping center sits on a 0.4-acre lot and is zoned for commercial use. Currently boasting 100% occupancy with three national and local tenants—Metro PCS, LuvLeigh Photos, and Rent-A-Center—the property offers a stable income stream. The triple-net (NNN) lease structure minimizes landlord responsibilities. The current lease term has 5 years remaining, generating a net operating income (NOI) of $61,469 and an 8.50% capitalization rate. The property benefits from high visibility and significant daily traffic exceeding 47,000 vehicles. Its strategic location on N. Riverside Drive, with convenient left-turn access, ensures excellent exposure to potential customers. This is a well-established retail center surrounded by other national tenants, making it an attractive and low-risk investment. The asking price for this exceptional property is $725,000. This bite-sized investment opportunity is situated in Rio Arriba County, New Mexico.

Highlights

  • Strong national and local retail tenant mix.
  • Excellent North Riverside location.
  • High visibility from street.
  • High traffic count exceeding 47,000 cars per day.
  • Located near other national retailers.
  • Convenient left-turn access from North Riverside.

Property Details for 1116 Riverside Dr

Property type
Lifestyle centers, Power centers
Square Feet
5,219 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
17,424 SF
Units
1

Location Insight

City
Española
County
Rio Arriba
State
New Mexico
Latitude
36.007150698228
Longitude
-106.06515527923
1116 Riverside Dr, Española, New Mexico

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1116 Riverside Dr
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