707 E Pine St, Deming, NM 88030

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Building Details:

707 E Pine St is located in Deming, NM.

" Location: Easy access off of Interstate 10
" East Pine artery on major retail corridor in Luna County
" West of Wal-Mart Supercenter and Big K-mart
" Population 20,000 within five mile radius
" Retirement Community growth potential
" Building completed May of 2007
" Tenant' s in both spaces with renewal on NNN lease
" 8750 sq ft building
" .775 acre land
" CAP rate 8.75%
SALE PRICE: $1,275,703 at 8.75% CAP rate

This premium Commercial Retail Center of a 8,750 sq ft free-standing building built in May 2007 and .775 acre land sits west of the Wal-Mart Supercenter and Big Kmart on the major retail corridor of East Pine in the city of Deming. Easy access to I-10, this property has a population of over 20,000 within a five mile radius, with anticipated growth over the next five years as Deming is rapidly becoming a retirement destination. Current tenant' s are: Rent-A-Center and Hibbett Sports Both tenant' s have option for renewal and are on NNN leases.