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1906 W Main St

8,080 SF Retail Building Artesia, NM 88210 £926,927 (£115/SF) 8.25% Net Initial Yield

Investment Highlights

  • Aaron's just renewed and added (3) 5 Year Options to Lease
  • Trade Area includes Super Wal-Mart, Starbucks, AutoZone, KFC/Taco Bell, McDonald's, Pizza Hut, Burger King, Sonic, Davita and Subway
  • Built in 2008 - 0.68 acre Parcel

Executive Summary

The Subject Property is located at 1906 West Main Street in Artesia NM. Aaron's has been operating on a long term lease at the current location since 2010 and just renewed their current lease and added (3) 5 Year additional renewal options beyond primary term.
Artesia is located just 40 miles south of Roswell NM. The principal economic activities which support Artesia are the oil and gas industry, agriculture, and dairy. Prominent local oil and gas businesses include Wilbanks Trucking Services, EOG Resources, Mack Energy Corporation, and Marbob Energy Corp.

Attachments

Aaron's - Artesia NM OM

Property Facts Under Contract

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,080 SF
Building Class
C
Year Built
2008
Price
£926,927
Price Per SF
£115
Net Initial Yield
8.25%
NOI
£76,464
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
0.68 AC
Zoning
Commercial
Frontage
128 ft on W Main St
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PROPERTY TAXES

Parcel Number 4151098296531 Improvements Assessment £182,872
Land Assessment £13,604 Total Assessment £196,476

PROPERTY TAXES

Parcel Number
4151098296531
Land Assessment
£13,604
Improvements Assessment
£182,872
Total Assessment
£196,476
(425) 829-9091

Contact

  • Listing ID: 33448042

  • Date on Market: 08/10/2024

  • Last Updated:

  • Address: 1906 W Main St, Artesia, NM 88210

The Retail Property at 1906 W Main St, Artesia, NM 88210 is currently available for sale. Contact Marcus & Millichap for more information.

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© 2024 CoStar Group

1906 W Main St
(425) 829-9091 x

1906 W Main St

Aaron Hines

(425) 829-9091

(425) 829-9091

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