8,000 Square Foot Retail Space For Sale @ 533 First Street, Capitan, NM 88316

533 First Street, Capitan, NM 88316

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Matthew L.

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Photo of 533 First Street, Capitan, NM 88316

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Listing Details

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.

Sales Info:
■ Commision split: 4.0%

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

Pricing: $837,000

Availability: Now

Listing ID: 561224

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Sale Price: $837,000

Size: 8,000 square feet

Type: Retail Space

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