Net Lease Investment - High Barrier to Entry Market

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30778621
Property Subtypes: Free-Standing Building
Status: Pending/Contingent
Building Status: Under Construction
Building Size (RSF): 2,320 SF
Gross Building Area: See Agent
Gross Land Area: 1.04 Acres
Sale Price: $4,200,000
Unit Price: $1,810 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Starbucks
Sale Terms: Cash to Seller
Cap Rate: 4.75%
Average Occupancy Rate: 100
Last Updated: 1/12/2022

Overview / Comments

CBRE is pleased to offer a newly constructed net lease investment opportunity with strong performing Starbucks Corporation prominently positioned in the well-known Los Alamos, NM market. Situated near major employers; Los Alamos National Labs, Los Alamos Medical Center, University of New Mexico Los Alamos campus and Los Alamos local government buildings the area boasts significant household incomes, highest number of doctorates in the nation and very limited retail goods and services options in this mountain town. The opportunity offers investors security of stable income stream through a 10-year net lease with four 5-year options to renew and a newly constructed free-standing drive-thru building in a dense in-fill location.

Additional Details

Nearest MSA: Los Alamos
County: Los Alamos
Taxing Authority: Los Alamos County
Tax ID/APN: 1034112150267
Zoning: DT-NCO
Retail Clientele: General, Business, Tourist
Property Located Between: On Trinity Dr between Knecht St. & 15th
Property Visibility: Excellent
Traffic/Vehicle Count: 17,768
Highway Access: Hwy 502
Airports: Los Alamos Airport
Site Description: Newly developed Starbucks relocation and upgrade to both the location and addition of a drive-thru
Area Description: Adjacent to major grocer providing excellent customer traffic
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,320 SF
Property Condition: Excellent
Year Built: 2022
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,423 8,476 14,171
Median Age: 42.67 42.23 43.86
Households: 779 3,880 6,174


Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
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