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Mills Valley Center 1008-1012 Mills Ave
12,925 SF 100% Leased Retail Building Las Vegas, NM 87701 £881,212 (£68/SF) 10.11% Net Initial Yield
Investment Highlights
- Heritage health care offers coordinated system of home care disciplines, there are currently 15 locations within the state of
- New Mexico and Arizona , Heritage healthcare was founded to provide full service healthcare to patients and clients in their homes.
Executive Summary
then from October 1st 2024 until September 30th, 2029, if the (5( years) option is exercised the base monthly rent will be$5300.00 ., Dollar General corporation emailed the owner this modification for their signatures , this show that this location is an excellent investment
1200 sft
Heritage home health care 3600 sf lease will expire December 31,2019 but they have 5 years option. the monthly rental$2785.67
Price has been reduced to $1,175,000.00 because of sellers health reason.
Property Facts
About 1008-1012 Mills Ave , Las Vegas, NM 87701
Arikat real estate and finance inc is pleased to offer to the market Valley Mills Center located in Las Vegas , New Mexico. This three tenant, retail strip center , all which are fully reimbursable triple-net leases., is anchored by Dollar General The center had a new TPO single seam(%75,000.00) roof installed in 2009 , and Dollar General upgraded their space at their expense. The center is masonry constructed. Las Vegas ,New Mexico is located approximately one and one-half hours northeast of Albuquerque, New Mexico , it is the county seat of San Miguel County , Las Vegas is one of the oldest cities in New Mexico and rich with historical features , with over 900 buildings on the National Register of Historic Places.this is a nice local gateway and a small tourist destination only an hour drive east of Santa Fe.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Dollar General
- -
- 8,125 SF
- -
- Sep 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Dollar General | - | 8,125 SF | - | Sep 2025 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 655192 | Improvements Assessment | £207,422 |
| Land Assessment | £29,139 | Total Assessment | £236,561 |
PROPERTY TAXES
Presented by
Arikat's Real Estate And Finance
Mills Valley Center | 1008-1012 Mills Ave
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