Active
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
Attachments
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