1851 U.S. Rte 66 Building C
$980,000
1851 U.S. Rte 66 Building C Edgewood, NM 87015
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About this listing
DESCRIPTION
Key Investment Highlights:
• Secure Lease Agreement: Edgewood Family Dentistry is committed to a 10-year lease term, with options to renew, providing a long-term income stream. Do not disturb tenant, thank you.
• NNN Lease Structure: The triple-net (NNN) lease structure ensures that the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, thereby minimizing the landlord's expenses.
• Annual Increases: The lease agreement includes annual increases, providing a hedge against inflation and ensuring that the investment keeps pace with rising costs.
• Stable Tenant: Edgewood Family Dentistry has a proven track record, and their commitment to the property until 2027 provides a secure and stable income stream. This investment opportunity offers a combination of security, stability, and potential for long-term growth, an enhancement to any investment portfolio.
Cost Segregation Study available upon request. Contact April to discuss further. 505.269.5771
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NOI
$86,227.18
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Building Size
3,600 sqft
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Lot Area
0.249 acres
Details
- • Gross Income: $ 92717.0
- • Lot Size: Under 1/2 Acre
- • Sewer: City
- • Water: City Water
