Los Lunas Pavilions | Triple Net Lease (NNN) Property

$4,028,664

1620 Main Street Northwest, Los Lunas, NM 87031

For Sale

Retail Neighborhood Center

Pending

Last Updated: 07/19/2021

Details:

Cap Rate: 8.25%

NOI: $332,365

Building Size: 13,105 sqft

Lot Area: 1.44 acres

Lease Type: Triple Net

Year Built: 2014

Price Per Sqft: $307.41

Offered by

Kaveh Ebrahimi

Managing Partner

AiCRE Partners

#01896322

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Chris Naylon

Agent

Sands Investment Group

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Highlights:

Fully occupied 4-tenant Triple Net Lease (NNN) property with minimal landlord responsibilities.
Corporate leases from Petsense, Mattress Firm and Subway.
All tenants have rental increases and option periods.
La Familia Dental started in 2008 to provide high-quality dentistry at affordable prices – 42 dental offices later they continue to carry on their mission of improving the health and smiles of all patients.
Founded in 2005, Petsense is a small-box pet specialty retailer focused on meeting the needs of pet owners.
Over the last 90 years, mattress firm has grown into America’s largest specialty mattress store, with more than 2,500 neighborhood stores in 49 states.
Located directly on main street NW intersecting Los Cerritos with an average of 56,004 VPD.
Strong demographics with a population of 34,745 residents making an average household income of $69,587 within 5- miles.
Los Lunas is situated on interstate 25, the major north/south freeway artery in New Mexico; average daily northbound traffic is 30,500 vehicles and southbound traffic is 10,000 vehicles ; In addition, highway 6 passes east/west through the community with an average daily traffic of 24,475 vehicles.
The village of Los Lunas Community largest employers are the Walmart distribution center, Home Depot, and the ACIM/Party City Manufacturing.
Valencia County is included in the Albuquerque, NM MSA.
Neighboring tenants include: Walmart Supercenter, Home Depot, Lowe’s, Walgreens, Harbor Freight Tools, O’Reilly Auto Parts, AutoZone, Buffalo Wild Wings, Starbucks, Sonic Drive-In, Murphy Express, The UPS Store and Many more.

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the Los Lunas Pavilions Located at 1620 Main Street NW in Los Lunas, NM. This Deal Includes a Fully Occupied 4-Tenant Triple Net Lease (NNN) Property With Minimal Landlord Responsibilities, Providing For a Stable Investment.

In Cooperation With Sands Investment Group Lic. # 09623
BoR: Andrew Ackerman - NM Lic. # 20310