8,000 Square Foot Retail Space For Sale @ 301 E. Kansas Avenue
301 E. Kansas Avenue, Jal, NM 88252
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Matthew L.
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The Family Dollar of Jal offers an investor a credit tenant leased property with little management responsibility.
The property is located on East Kansas Avenue near the intersection of State Highway 18. Kansas Avenue is an artery through Jal business area. 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 Capitan, NM.
Sales Info:
■ Commision split: 4.0%
Location Description:
Jal is located in extreme southeast corner of the state in Lea County. It is 51 miles west of Odessa, Texas and 194 miles from El Paso, Texas. Significant industries include potash mining and oil and gas operations. 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: $616,316
Availability: Now
Listing ID: 561650
Sale Price: $616,316
Size: 8,000 square feet
Type: Retail Space
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