Single Tenant Office Investment Opportunity

Investment Opportunity - Single Tenant Standalone Office Looking for a lucrative investment opportunity? Look no further than this single tenant standalone office located at 901 N. Florida Ave in Alamogordo, NM. Priced at $940,575, this property offers a great return on investment with a CAP rate of 8.4. Spanning over 7,751 square feet, this office is leased by TDS Broadband Services, LLC, a reputable tenant who has been in occupation for over 15 years and recently extended their lease for another 5 years. The tenant self-maintains the building and pays for building insurance and taxes, providing a hassle-free investment. With a current NOI of $79,021, you can expect steady and reliable cash flow. Plus, the lease includes rare 5% annual rental increases, acting as a safeguard against inflation. Situated on a .492-acre lot, this standalone office offers stability, a prime location, and a solid tenant. Don't miss out on this incredible investment opportunity.