123 W 12th St - Convenience Store FOR SALE
Silver City, NM 88061 |
$2,176,000 USD
404-459-6264
123 W 12th St
Silver City, NM 88061
HIGHLIGHTS
- This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant
- The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value and Hedge Against Inflation
- Fast Stops’s Impressive Portfolio Contributes to an Outstanding Rent Coverage Ratio, Indicating a Strong Desire to Grow
- The Lease is Guaranteed Corporately By Fast Stop Management and Personally By Fast Stop CEO
- Fast Stop, a Reputable Tenant With a Robust Portfolio, is Growing at a Sustainable Pace While Upholding Their Reputation of Clean, Well Stocked Etc.
- These Well Established Stores Have Not Only Stood the Test of Time, Boasting a Remarkable 20+ Years of Commitment to the Community
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,160 SF Fast Stop Located at 123 West 12th Street in Silver City, NM. This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant, Providing the Landlord With a Steady and Dependable Income, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
FOR SALE DETAILS
PRICE
$2,176,000 USD
PRICE/SF
$754 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fast Stop - (W 12th St) - Silver City, NM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
3081103224046
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