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915 Silver Heights Blvd
Silver City, NM 88061

$1,428,571 USD

Convenience Store For Sale  •  1,544 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 1,544 SF
  • Lot Size 0.66 AC
  • Building Class C
  • Year Built 1980
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
49 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
Fast Stop, a Reputable Tenant With a Robust Portfolio, is Growing at a Sustainable Pace
The Lease is Guaranteed Corporately By Fast Stop Management and Personally By Fast Stop CEO
Fast Stops’s Impressive Portfolio Contributes to an Outstanding Rent Coverage Ratio, Indicating a Strong Desire to Grow
Strategically Situated on Highway 180 and Surrounded By National Tenants Such As: Domino's Pizza, Denny's, Comfort Inn Etc.
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Fast Stop Management 1,544 SF 10/31/2043
Matt Sawyer 678-713-4959 Sands Investment Group Atlanta, LLC
Matt Sawyer 678-713-4959 Sands Investment Group Atlanta, LLC