804 S Main St, Belen, NM 87002

Introducing 804 S Main Street in Belen, NM 87002, a lucrative single-tenant property housing a thriving cannabis dispensary. Currently, the tenant is opening a second location as well as expanding their first location to include a smoke lounge; which will come with additional rent when completed! With a total income of $76,384 and a 5-year lease in place until May 2028 with a 3% annual rent increase, this property offers stability and a promising return on investment. The 5,000 sq ft building on a roughly 21,780 sq ft lot features a clean environmental record and boasts a brand-new build-out, ensuring a modern and attractive investment. With the tenant covering all utilities, the owner only pays $2,700 in taxes, making this a hassle-free investment opportunity. Generating a total NOI of $73,684 and sporting a cap rate of 11.3%, this property presents a solid income-producing asset. Whether you're a seasoned investor or looking to expand your portfolio, 804 S Main Street in Belen, NM is a must-see opportunity that promises both immediate returns and long-term growth potential.