Property Listing No Longer Available for Sale

301 E. Kansas Avenue, Jal, NM

Retail for Sale - $669,143 - 8,000 Sq. Ft.


Property Info

CIMLS#510551
Location
  301 E. Kansas Avenue
  Jal NM 88252
UpdatedAugust 28th, 2012
TypeRetail
Price$669,143
Building8,000 Sq. Ft.

Property Description

The Family Dollar of Jal offers an investor a credit tenant leased property with little management responsibility.

The property is located on East Kansas Avenue near the intersection of State Highway 18. Kansas Avenue is an artery through Jal business area. The parcel is improved with an 8,000 square foot retail store of steel and block construction completed in 2005.

This investment is available for sale individually or as part of a five property portfolio.

Location Description:

Jal is located in extreme southeast corner of the state in Lea County. It is 51 miles west of Odessa, Texas and 194 miles from El Paso, Texas. The 2009 population was 2,704 and the average household income is $52,807.

Highlights:

>> Family Dollar - Fortune 500-S&P BB rating

>> 8.75% Cap Rate

>> June 2020 lease expiration; Five 5-yr renewals

>> Sold individually or as part of a 5 bldg portfolio

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Financials