1001 W 2nd St
Roswell, NM
Price:
$1,704,347
Cap Rate:
5.75%
NOI:
$98,000
Building Size:
Approx. TBD Sq. Ft.
Lot Size:
Approx. 1.1 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2024 Construction. TBD Building Area on 1.10+/- Acre Site
- 20-Year Absolute NNN Ground Lease with 8% Rental Increases Every 5 Years and (4) 5-Year Options to Renew
- Excellent Hard Corner Location on W 2nd Street & N Union Avenue (17.500+ VPD)
- Site Benefits from Over 49,235 People Living within 5 Miles and an Average Household Income Over $88,130
- Near Several Nationally Recognized Tenants Including Sonic, Dollar General, Subway, Dairy Queen, and More
- Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
- Roswell | Ranked as the Most Affordable City in New Mexico | Population: 46,355+