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Investment Opportunity

804 S Main St Belen, NM 87002

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Overview

804 S Main St. was previously a high income producing convenience store and gas station. It has since been converted to a successful cannabis retailer. This will be a great investment - here are some highlights: * Current Tenant on a 6 year lease that commenced on June 1st, 2023 * Tenant paying $6000 per month with 3% annual increases making the last year of the lease in 2028 just under $7000 per month * Owner pays property taxes and insurance ONLY which equates to roughly $450/month * Property located in the heart of Belen on Main Street close to restaurants, retail, hospitality and residential housing. Minutes from I-25

For Sale

Retail

Secondary Uses: Cannabis Dispensary

Sale Price
$699,000
Price Per SF
$145/SF
Investment
Yes
Building Size
4,820 SF
Acres
0.5 ac
Number Of Buildings
1
Floors
1
Construction Siding
Brick
Construction Type
Masonry
Nearest MSA
Albuquerque
Property Status
Existing
County
Valencia
Created
2023-11-15
Updated
2024-05-23
Listing ID
89821395

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