Multi-Tenant NNN
For Sale
$2,072,000
1608 7th St, Las Vegas, NM 87701
Renovated in 2020, the building combines medical office and retail occupancy under an absolute NNN leaseback structure.
Property Size7,400 SF
Price / SF$280
Days on Market227
Property Features for 1608 7th St
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Investment
Building Details
Year Renovated
2020
Buildings
1
Tenancy
Multi
Listing Agency:
Absolute Investment Realty
(505) 489-8538
Listed By:
Rita Cordova · License #19300
(505) 489-8538
Source:
Carnm.resimplifi
Added: Jan 15
Changed: Aug 30
Last Checked: Aug 30 at 1:25AM
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 Absolute Investment Realty
Investment Insights
Based on property information with market context.
Located at 1608 7th St in Las Vegas, New Mexico, this 7,400-square-foot commercial property is configured for multiple occupants and was renovated in 2020. The tenant mix includes Foot & Ankle Specialist, Cricket, and Dreamz Dispensary, a retail cannabis dispensary.
The offering is structured as a 10-year absolute NNN sale-leaseback with zero landlord responsibilities. The property also includes a master guarantor supporting the multi-tenant arrangement. Its combination of medical office and retail occupancy provides a diversified operating profile within a single commercial building.
The offering is structured as a 10-year absolute NNN sale-leaseback with zero landlord responsibilities. The property also includes a master guarantor supporting the multi-tenant arrangement. Its combination of medical office and retail occupancy provides a diversified operating profile within a single commercial building.
Key Highlights
- 7,400‑square‑foot multi‑tenant commercial building
- 10‑year absolute NNN sale‑leaseback structure
- Zero landlord responsibilities under the lease structure
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 87701, NM
18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Renovated in 2020, the building combines medical office and retail occupancy under an absolute NNN leaseback structure.
Where is this nnn property located?
The property is located at 1608 7th St Las Vegas, NM.
What is the asking price?
The asking price for this property is $2,072,000.
What are key features of this property?
This property features: 7,400‑square‑foot multi‑tenant commercial building; 10‑year absolute NNN sale‑leaseback structure; Zero landlord responsibilities under the lease structure
