300 Hermosa Dr - Freestanding FOR SALE


Chaparral, NM 88081
$858,000 USD
616-566-5790
300 Hermosa Dr, Chaparral, NM for Sale
$858,000 USD
Freestanding - FOR SALE
1/6
null | 9% Cap Rate

300 Hermosa Dr
Chaparral, NM 88081


HIGHLIGHTS

  • Investment Grade Long Term Tenant (24 years)-Corporate Guaranty
  • Near 4 Years of Lease Term
  • Tenant Direct Pays Taxes, Maintains HVAC & Parking
  • Large 10,000 sf for Future Reconfigurations
  • Next to Primary Super Market, corner gas station, Autozone and More
  • Annual Sales Reporting Required-See Agent

OVERVIEW

SVN / Investment Property Advisors is pleased to offer this longstanding Family Dollar with nearly 4 Years of Term at a 9.0% Cap Rate. Lease is NN+ with very limited Landlord responsibilities-Roof & Structure. Tenant direct pays taxes and reimburses property insurance. Tenant directly responsible for HVAC, lighting, parking lot, including striping & resurfacing, and outside maintenance. Larger 10,000 sf store next to primary Supermarket, Autozone and Gas/Convenience Center. Lease requires Annual Sales Reporting-see Agent.

FOR SALE DETAILS

PRICE

$858,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

T5-Town Center

APN/PARCEL ID

17-16550

ASK ABOUT THIS PROPERTY

David De MaagdSVN | Investment Property AdvisorsMore Info
616-566-5790

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David De MaagdSVN | Investment Property AdvisorsMore Info
616-566-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.