Listed by Berkshire Hathaway New Mexico Commercial Division
$1,350,000
RARE PRIME TIJERAS BUILDING CLOSE PROXIMITY TO I-40
Details
Property Type Office, Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,468
Cap Rate 3.33%
NOI $45,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4.3
Lease Expiration 05/01/2029
Remaining Term 2.9
Rent Bumps Yes
Price per SqFt $302
Broker Co-Op Yes
Class A
Year Built 2020
Year Renovated 2020
Buildings 1
Stories 1
Lot Size (SqFt) 1
Zoning CB-1
Parking Spaces 36 spaces
Parking Per SqFt 8.06
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 01/01/2025
Occupancy Date 01/01/2025
Ground Lease No
Ceiling Height 12
RARE PRIME TIJERAS BUILDING CLOSE PROXIMITY TO I-40
Marketing description
Discover an exceptional opportunity to acquire prime commercial real estate in Tijeras, NM. This 4468 SF retail building, constructed in 2020, is strategically located on NM Highway 337 with high visibility and significant traffic exposure. Perfectly poised for immediate and future development, this property offers numerous features and benefits:
- Size & Construction:
- 4468 SF retail building
- Built in 2020
- Land & Infrastructure:
- Situated on 1 frontage acre
- 36 parking spaces
- Built-out turn lane for ingress/egress
- Utilities & Systems:
- 3-phase electricity
- Dual HVAC system
- Power to a future monument sign
- Accessibility & Compliance:
- ADA compliance buildout
- Location & Zoning:
- Frontage on NM Highway 337
- 64,000 vehicles per day (VPD)
- Less than a mile from Interstate I-40
- Zoned CB-1 for commercial development
This is a rare chance to acquire a prime piece of commercial real estate in a strategic location. Don't miss out on this unparalleled opportunity to shape the future of Tijeras.
Investment highlights
- Located in the heart of Tijeras, surrounded by trees and mature vegetation, offering a picturesque setting
- Frontage on NM Highway 337
- 2020 Build
- 1 Frontage Acre
- 3 Phase Electricity
- Dual HVAC System,
- ADA Compliant
- Power to Future Monument Sign
- 4468 SF
- Less than a mile from I-40 entrance/exit, ensuring exceptional accessibility with over 64,366 VPD traffic flow
- Convenient ingress/egress facilitated by turn lane and frontage from the state highway
- All properties zoned CB-1 for Commercial Development, with drainage plans completed & utilities stubbed in (Natural Gas, 2” Water Line, 3 Phase Power)
- Total land area spanning 7.8434 acres, presenting a substantial opportunity for development This portfolio sale represents a rare chance to acquire prime commercial real estate in a strategic location, poised for immediate & future development. Don’t miss out on this unparalleled opportunity to shape the future of Tijeras
- Currently Leased at $3,750 NNN with 3% Increases
Listing Contacts
Listed by Berkshire Hathaway New Mexico Commercial Division
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$45,000.00
$3,750.00/mo
Valuation Metrics
0
DSCR
3.33%
Cap Rate
3.33%
ROI
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