1116 N Chicago Ave Portales, NM 88130

Listing agency Town & Country Real Estate, Inc. e***@gmail.com Show Phone

Listed by Lonnie Mitchell · License #16716 Show Phone

Source Exprealty

Added: Apr 2, 2025 Updated: Jul 22 at 4:22PM Checked: Jul 22 at 4:22PM

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Investment Insights

Based on property information with market context.

This for-sale specialty commercial property is being marketed as a 1031 exchange option. The offering includes a new lease term of five years, with three additional renewal periods of five years each.

The property is located at 1116 N Chicago Ave in Portales, NM. Due to the security and the nature of the tenant, showings require advance appointment scheduling.

For additional details, contact Brett Johnson at 575 760-3654 or Jerry Cass at 575 799-5304 to coordinate a showing or discuss offers.

Key Highlights

• Specialty for‑sale property structured for a 1031 exchange
• New 5‑year lease in place, plus 3 renewal options for additional 5‑year terms

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FAQs

What type of property is this?

1031 exchange property - For-sale specialty property structured for a 1031 exchange, featuring a new five-year lease with renewal options.

Where is this 1031 exchange property located?

The property is located at 1116 N Chicago Ave Portales, NM.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Specialty for‑sale property structured for a 1031 exchange; New 5‑year lease in place, plus 3 renewal options for additional 5‑year terms