270 Meadow Lake Road, Los Lunas, NM
Retail for Sale - $1,233,250 - 9,219 Sq. Ft. on 1.51 acres
Property Info
| CIMLS# | 931092 |
| Location 270 Meadow Lake Road Los Lunas NM 87031 | |
| Updated | September 2nd, 2017 |
| Type | Retail |
| Price | $1,233,250 |
| Building | 9,219 Sq. Ft. |
| Land | 1.51 acres |
Property Description
KW Net Lease Advisors is pleased to present the opportunity to acquire a New Development, Corporately Guaranteed, Net Leased Dollar General located in Los Lunas, New Mexico. Dollar General signed a 15-Year Net Lease that has over 13 years remaining on the primary term.
The Subject Property is located along Meadow Lake Road just outside of Los Lunas, NM. The subject property will serve the 4,500 residents of Meadow Lake as well as the growing city of Los Lunas.
Location Description:
Los Lunas is located along the Rio Grande River in Valencia County, New Mexico. Los Lunas is just 25 miles S of Albuquerque just off I-25. It's close proximity to Albuquerque has allowed Los Lunas to grow as well as attract numerous National Tenants, including one of only 36 Walmart Distribution Centers.
Broker of Record: Jennifer Stein JD, JDS Real Estate Services, Inc.
Highlights:
>> New Development Dollar General
Financials
Sales Info:
>> Cap rate: 6.4%
>> NOI: $78927
