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Verizon Retail 100% Occupied 9.25% Cap Rate ! ! !

512 US-85 Socorro, NM 87801

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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

    NameRateSF
    Northern Portion$12 /SF/Year3,200 SF

    For Sale/Lease

    Retail

    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

    Contact Brokers