533 First Street, Capitan, NM
Retail for Sale - $837,000 - 8,000 Sq. Ft.
Property Info
| CIMLS# | 510562 |
| Location 533 First Street Capitan NM 88316 | |
| Updated | March 25th, 2015 |
| Type | Retail |
| Price | $837,000 |
| Building | 8,000 Sq. Ft. |
Property Description
The property is on First Street (US Highway 380 aka Smokey Bear Boulevard). 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 the Family Dollar Jal, NM.
Location Description:
The Family Dollar of Capitan offers an investor a credit tenant leased property with little management responsibility.
Capitan is in Lincoln County in the southwest area of New Mexico, 107 miles from Las Cruces, 123 miles from Albuquerque and 20 miles from Ruidoso, quarter horse racing capital of the world. 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%