Harbor Freight & Little Caesars
Retail-Commercial
for Sale
| Catylist Listing ID: |
30618409 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
22,548 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.91 Acres
|
| Sale Price: |
$3,210,717 |
| Unit Price: |
$142.39 PSF |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.25% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/7/2021 |
Overview / Comments
Low Risk Multi-Tenant Retail Investment Opportunity
1705 N Main is located in one of Roswell’s main retail corridors and is surrounded by numerous nationally recognized retailers. The property is 100% occupied by Harbor Freight (89.64%) and Little Caesars (10.36%) both with long term NN leases in place. The asset is well maintained with the current ownership recently investing $1.7 Million dollars of capital improvements into the property, including a new roof.
INVESTMENT SUMMARY
Offering Price $3,210,717 - Cap Rate 7.25% - Current NOI $232,777
|
Current Tenants
| Tenant Business Name |
Harbor Freight Tools |
| Industry Type |
Retail Trade |
| Is Renting? |
Yes |
| Tenant Business Name |
Little Caesar Enterprises |
| Industry Type |
Retail Trade |
| Is Renting? |
Yes |
Additional Details
| Nearest MSA: |
Roswell |
| County: |
Chaves |
| Tax ID/APN: |
4136060027319000000 |
| Zoning: |
C2 |
| Retail Clientele: |
General, Family, Business, Traveler, Recreation |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
N Main Street |
| Traffic/Vehicle Count: |
17,067 |
| Highway Access: |
US Highway 285 |
| Airports: |
Roswell International Air Center |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
2004 |
| Roof Type: |
Flat |
| Exterior Description: |
Building: Concrete block and wood frame construction
Exterior Walls: Stucco plaster walls
Roof: Built up composition
HVAC: Mounted HVAC units |
| Parking Type: |
Surface |
| Parking Description: |
The property, in its current configuration, provides an abundant amount of parking
directly in front of this site. |
| Zoning Description: |
C-2 (Commercial Zone) |
| Lot Frontage: |
The site benefits from approximately 270 linear feet of frontage on N. Main Street (US Highway 285). |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,019 |
37,047 |
50,720 |
| Median Age: |
37.78 |
36.21 |
35.93 |
| Households: |
2,907 |
14,120 |
18,993 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Association of REALTORS® - New Mexico nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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