Roswell Place | High-Performing Strip Center

Shopping Center for Sale
Catylist Listing ID: 30194213
Property Subtypes: Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 11,890 SF
Gross Building Area: See Agent
Gross Land Area: 1.23 Acres
Sale Price: $3,300,000
Unit Price: $277.54 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Roswell Place
Sale Terms: Cash to Seller
Cap Rate: 7.72%
Last Updated: 12/9/2019

Overview / Comments

• High-performing retail strip center
• Premier location
- Walmart/Sam's outparcel
• Mix of national, regional, and local tenants
• Long-tenured tenants
- Many of the tenants have exercised renewal options
- New, long-term (~10 years) lease with Zales corporate
• Strategically located on Main St, the major thoroughfare in Roswell, with more than 15,600 cars per day
• Large pylon and building signage
• Dense retail corridor
- Neighboring tenants include O'Reilly Auto Parts, Hobby Lobby, Panda Express, and McDonald's, among others
• Staggered lease rollovers
• Long-term, predictable cash flow
• NNN leases
• Roswell is the 5th largest city in New Mexico
- 65,000+ trade area population

Financials

Finance Data Year 2017
Net Operating Income $254,729 (Annual)

Additional Details

Nearest MSA: Roswell
County: Chaves
Tax ID/APN: 4135058517107000000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,278 17,382 36,252
Median Age: 41.53 40.94 36.6
Households: 1,197 6,828 13,895

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Jake Mechenbier

NAI Maestas & Ward CARNM CIE Member
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