Retail Space For Lease @ 25745 Base Line St

25745 Baseline Street is a single tenant net lease property with Rio Ranch Markets as the tenant. Rio Ranch Markets has been in business at this location for over 20 years. The tenant executed a new 10 year Modified NN lease in June, 2015. The base lease expires end of May, 2025. There are just over 4 year remaining on the base term of the lease.

There is a percentage rent clause in the lease of 1.5% of gross sales over the minimum rental amount.

The landlord is responsible for 50% of the increase in property taxes due to a sale, and roof and structure. The tenant is responsible for all other expenses.

The property is priced at a 6.25% cap rate on current income. This space offers accomodations for: free standing building.