Absolute NNN Church's Chicken | 7.04 CAP | Farmington NM

Retail-Commercial for Sale
Catylist Listing ID: 30497073
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 1,253 SF
Gross Building Area: See Agent
Gross Land Area: 0.35 Acres
Sale Price: $710,000
Unit Price: $566.64 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.04%
Last Updated: 11/15/2019

Overview / Comments

- Absolute NNN Lease
- Corporate Lease
- 1.5% annual rent increases
- Tenant updated store in 2018
- Located along E 20th St, a main retail corridor
- Across from newly renovated Pizza Hut/Wing Street
- Nearby national tenants include Ace Hardware, Staples, Dollar General, Hobby Lobby, Harbor Freight Tools, Safeway and Home Depot
- One block from Animas Elementary School and Highway 516
- 1.5 miles from Ricketts Park - Home to the Connie Mack World Series

Attachments & Media

Additional Details

Nearest MSA: Farmington
County: San Juan
Tax ID/APN: R0031552

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,698 34,444 49,658
Median Age: 28.89 33.81 34.23
Households: 2,448 12,541 17,887

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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