301 E. Kansas Avenue, Jal, NM
Retail for Sale - $616,316 - 8,000 Sq. Ft. on 27878 acres
Property Info
| CIMLS# | 510557 |
| Location 301 E. Kansas Avenue Jal NM 88252 | |
| Updated | April 9th, 2015 |
| Type | Retail |
| Price | $616,316 |
| Building | 8,000 Sq. Ft. |
| Land | 27878 acres |
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 only as part of a two property portfolio with Capitan, NM.
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. Significant industries include potash mining and oil and gas operations. The trade area is the entire county.
Highlights:
>> Family Dollar - Fortune 500-S&P BBB rating
>> 9.50% Cap Rate
>> June 2020 lease expiration; Five 5-yr renewals
>> Sold only as part of a 2 bldg portfolio
* Email for additional photos
Financials
Sales Info:
>> Commision split: 4.0%