100% Leased Retail Space with 12% Cap Rate!

Prime Retail Investment Opportunity – 512 US-85, Socorro, NM

Property Overview

Located at 512 US-85 in Socorro, NM, this 6,472 SF freestanding retail building presents an exceptional investment opportunity with a long-term Verizon Wireless tenancy and an available lease space. Positioned in a high-traffic, highly visible location, this property offers strong income potential with an NNN lease structure and additional development flexibility.

Ideal For:

• Investors seeking a stabilized income-producing property with a 10 percent cap rate
• Retail businesses or service providers needing 3,200 SF of available space
• Businesses requiring prime frontage, warehouse support, or potential drive-thru options

Lease & Investment Details:

• Investment Type: NNN Lease structure with Verizon Wireless as an anchor tenant
• Gross Income: $66,323
• Net Operating Income: $60,061
• Total Expenses: $6,262
• Average Occupancy Rate: 100%

Leased Spaces:

• Leaf and Flower Cannabis Retail: 9/1/2022 - 12/31/2027
• Verizon Wireless Retail Store: 3/1/2024 - 2/28/2026 (Option to Extend)

Key Features:

• Prime frontage with over 40 feet along US-85
• High-traffic area with strong customer flow and retail synergy
• Versatile layout including roll-up doors, warehouse space, and drive-thru potential
• Shared parking and cross-access with adjacent Dollar Tree
• Zoned C-2 (General Commercial) allowing for a wide range of business uses
• Additional land at the rear providing future expansion opportunities