4026 Prince - Freestanding FOR SALE


Clovis, NM 88101
$4,970,045 USD
332-345-4222
4026 Prince, Clovis, NM for Sale
$4,970,045 USD
Freestanding - FOR SALE
1/2
null | 7.5% Cap Rate

4026 Prince
Clovis, NM 88101


HIGHLIGHTS

  • Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
  • Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Parachute Plasma located at 4026 North Prince Street, Clovis, New Mexico 88101. The site consists of roughly 6500 rentable square feet of building space on an estimated 2.86-acre parcel of land. This Parachute Plasma is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $372,753 and has scheduled increases of 2.00% Annually Starting Year 6.

FOR SALE DETAILS

PRICE

$4,970,045 USD

PRICE/SF

$765 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parachute Plasma

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

2.86 AC

LAND SF

124,582 SF

ZONING

-

APN/PARCEL ID

121201301823500

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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