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2341 Main St SE
Los Lunas, NM 87031

$1,713,462 USD

Freestanding For Sale  •  13,500 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 13,500 SF
  • Lot Size 1.56 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 6.50 %
  • Tenancy Single
0 Transit Score
36 Walk Score

Highlights

Single Tenant NN Dollar Tree 2020 Opening Date: 5.7+ Years Term Remaining with Minimal Landlord Responsibilities
Excellent Hedge Against Inflation: Attractive $0.50 Cent Increase Every 5 Years through Term and Options - Two-Five Year Options
Investment Grade Tenant: S&P Rated BBB | Dollar Tree, Inc. is a Fortune 500 Company and Operates 15,115 Stores in the U.S. and Canada
Top Ranked Shadow Anchor: Adjacent to the Los Lunas Albertsons Supermarket which is ranked top 6% nationwide in Placer AI
Excellent Signage and Traffic: Pylon Sign Visible from Hwy 47 and Main Street Signalized Intersection Traffic Counts Over 40,000 Cars Per Day.
Strong Retail Corridor in a Thriving and Growing City: In 2016 Facebook Spent Over $1 Billion Building their Data Centers in the City of Los Lunas

Property Flyers

Cap Rate: 6.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar Tree 13,500 SF 3/25/2030

Amenities

  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC

Public Transportation

Commuter RailDriveWalkDistance
Los Lunas (Rail Runner Express - New Mexico Rail Runner Express) 5 min - 2.9 mi
AirportDriveWalkDistance
Albuquerque International Sunport 41 min - 19.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 54
Type: Surface
Included in Rent: Yes
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