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123 W 12th St
Silver City, NM 88061

Price Upon Request

Convenience Store For Sale  •  2,160 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,160 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1980
  • Tenancy Single
0 Transit Score
77 Walk Score

Highlights

This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant
The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value and Hedge Against Inflation
Fast Stops’s Impressive Portfolio Contributes to an Outstanding Rent Coverage Ratio, Indicating a Strong Desire to Grow
The Lease is Guaranteed Corporately By Fast Stop Management and Personally By Fast Stop CEO
Fast Stop, a Reputable Tenant With a Robust Portfolio, is Growing at a Sustainable Pace While Upholding Their Reputation of Clean, Well Stocked Etc.
These Well Established Stores Have Not Only Stood the Test of Time, Boasting a Remarkable 20+ Years of Commitment to the Community

Major Tenants

Tenant SF Occupied Lease End Date
Fast Stop Management 2,160 SF 10/31/2043