Fast Stop - Silver City, NM | 915 Silver Heights Blvd
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Fast Stop - Silver City, NM 915 Silver Heights Blvd
1,544 SF Retail Building Silver City, NM 88061 £1,120,585 (£726/SF) 7% Net Initial Yield
Investment Highlights
- This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant
- Fast Stop, a Reputable Tenant With a Robust Portfolio, is Growing at a Sustainable Pace
- Fast Stops’s Impressive Portfolio Contributes to an Outstanding Rent Coverage Ratio, Indicating a Strong Desire to Grow
- The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value
- The Lease is Guaranteed Corporately By Fast Stop Management and Personally By Fast Stop CEO
- Strategically Situated on Highway 180 and Surrounded By National Tenants Such As: Domino's Pizza, Denny's, Comfort Inn Etc.
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,544 SF Fast Stop Located at 915 Silver Heights Boulevard in Silver City, NM. This Deal Features Just Under 19 Years Remaining on an Absolute Triple Net Lease, Placing All Responsibility on the Tenant (Zero Landlord Responsibility) and Providing the Landlord With a Steady and Dependable Income, Providing For a Secured Investment.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,544 SF
Building Class
C
Year Built
1980
Price
£1,120,585
Price Per SF
£726
Net Initial Yield
7%
NOI
£78,441
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
0.66 AC
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Fast Stop Management
- Retailer
- 1,544 SF
- £50.81
- Oct 2043
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Fast Stop Management | Retailer | 1,544 SF | £50.81 | Oct 2043 |
PROPERTY TAXES
| Parcel Number | 3080102428374 | Improvements Assessment | £80,382 |
| Land Assessment | £45,104 | Total Assessment | £125,486 |
PROPERTY TAXES
Parcel Number
3080102428374
Land Assessment
£45,104
Improvements Assessment
£80,382
Total Assessment
£125,486
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Matt Sawyer -
Andrew Ackerman -
Sands Investment Group Atlanta, LLC
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Fast Stop - Silver City, NM | 915 Silver Heights Blvd
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