Verizon Retail 100% Occupied 9.25% Cap Rate ! ! !
512 US-85 Socorro, NM 87801
Overview
Discover an exceptional opportunity at this Verizon retail location—a prime commercial property designed for long-term tenancy and exceptional adaptability. Perfectly positioned for maximum visibility, this freestanding retail building offers a range of features ideal for a variety of businesses.
Spanning 6,472 square feet, the property includes 3,200 square feet currently available for lease. Its versatile layout includes roll-up doors leading to warehouse space and the potential for a drive-thru on the north side as outlined in the site plan.
Prime frontage: Over 40 feet of frontage ensures excellent visibility.
High traffic counts: Benefit from a steady flow of potential customers.
Shared parking: Convenient cross-access and shared parking with an adjacent Dollar Tree store.
Development potential: Additional land at the back of the property provides opportunities for further development.
This property is perfect for retail businesses, service providers, or even hybrid concepts that require retail frontage with warehouse support. The drive-thru capability also makes it attractive for quick-service businesses or similar models.
Located at 512 US-85 in Socorro, NM, the property boasts convenient access and seamless connectivity to major routes. The shared parking arrangement and cross-access with the neighboring Dollar Tree ensure easy customer flow.
Take advantage of this NNN lease opportunity and position your business for success in a high-traffic, highly visible location. With its flexible layout, additional development potential, and premium amenities, this property is an ideal choice for forward-thinking businesses. Contact us today for more information or to schedule a tour.
Lease Spaces
Name | Rate | SF |
---|---|---|
Northern Portion | $12 /SF/Year | 3,200 SF |
For Sale/Lease
Secondary Uses: Free Standing, Strip Center
- Lease Rate
- $12 SF/year
- Available SF
- 3,200 SF
- Sale Price
- $648,500
- Price Per SF
- $100.2/SF
- Investment
- Yes
- Cap Rate
- 9.25%
- Gross Income
- $66,323
- Net Operating Income
- $59,992
- Total Expenses
- $6,331
- Building Size
- 6,472 SF
- Tenant
- Verizon Wireless Retail Store
- Structure
- NNN
- Showing Instructions
- Contact Broker
- Building Name
- Verizon Building
- Nearest MSA
- Socorro
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 100
- County
- Socorro
- Created
- 2024-03-29
- Updated
- 2024-12-31
- Listing ID
- a0b7ad89
- Parcel APN
- R006001