Corporate-Guaranteed Retail
For Sale
Contact for pricing
202 E Main St, Farmington, NM 87401
Established retail occupancy with a remaining renewal option supports continued commercial use in a downtown setting.
Property Size13,000 SF
Days on Market143
Property Features for 202 E Main St
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Retail
Financials
Asking Price
$275,000
Cap Rate
7%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Retail Investment Group LLC
Listed By:
Steven Davis · License #AZ BR101032000
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Retail Investment Group LLC
Investment Insights
Based on property information with market context.
This 13,000-square-foot retail storefront at 202 E Main St serves as a Sherwin-Williams location, with the tenant established at the property since 1973. The lease is corporate guaranteed, has one year remaining on its current term, and includes one five-year renewal option with a scheduled rent increase.
The building is positioned on Main Street in downtown Farmington, the city's primary thoroughfare. Farmington functions as a commercial hub for northwestern New Mexico and the Four Corners region, with access to U.S. Highway 550, U.S. Highway 64, and New Mexico Highway 371. The property is 2 miles from Farmington airport and 1.3 miles from the Walmart Supercenter.
The existing retail occupancy, long operating history, and defined lease extension provide a clear framework for evaluating the property as an income-producing storefront asset.
The building is positioned on Main Street in downtown Farmington, the city's primary thoroughfare. Farmington functions as a commercial hub for northwestern New Mexico and the Four Corners region, with access to U.S. Highway 550, U.S. Highway 64, and New Mexico Highway 371. The property is 2 miles from Farmington airport and 1.3 miles from the Walmart Supercenter.
The existing retail occupancy, long operating history, and defined lease extension provide a clear framework for evaluating the property as an income-producing storefront asset.
Key Highlights
- 13,000 SF retail storefront occupied by Sherwin‑Williams
- Corporate‑guaranteed lease with one year remaining
- One five‑year renewal option included in the lease
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
65k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 29%
Home Improvements & Furnishings 1%
Dollar Tree
Shops & Services
20,869 visits/mo
0.3 miles
Blake's LotaBurger
Dining
10,221 visits/mo
0.1 miles
Dollar General
Shops & Services
9,862 visits/mo
0.3 miles
KFC
Dining
8,788 visits/mo
0.3 miles
Conoco
Shops & Services
6,700 visits/mo
0.4 miles
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Broadway Gifts & Flowers — 717 W Broadway, Farmington, NM 87401
- Bella-Flora & Cafe — 315 N Auburn Ave, Farmington, NM 87401
Frequently Asked Questions
What type of property is this?
Storefront property - Established retail occupancy with a remaining renewal option supports continued commercial use in a downtown setting.
Where is this storefront property located?
The property is located at 202 E Main St Farmington, NM.
What are key features of this property?
This property features: 13,000 SF retail storefront occupied by Sherwin‑Williams; Corporate‑guaranteed lease with one year remaining; One five‑year renewal option included in the lease
