Contiguous Industrial NNN
821 & 251 MAIN Street Farmington, NM 87401
821 & 251 MAIN Street, Farmington, NM, 87401
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For Sale
Contact for pricing
Pending
Two separate but contiguous commercial industrial properties with long-term NNN income and leaseback potential for existing operations.
Days on Market102
Property Features for 821 & 251 MAIN Street
General Information
- Standard status
- Pending
- Property subtype
- Retail, Industrial
Listing agency
RE/MAX of Farmington
(505) 486-4366
Listed by
Ben Lyons · License #15098
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 6:50PM Checked: Jul 21 at 12:26PM
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Investment Insights
Based on property information with market context.
This offering includes two separate but contiguous commercial industrial properties, presented as a combined package with existing tenant occupancy. The properties are described as offering shop/warehouse/manufacturing-style space and include long-term NNN income associated with a current tenant.
A long-term tenant at Matheson Gas (251 Scott Ave) is on a 5-year lease and is described as having approximately $250,000 remaining in rental income. The second property, associated with HSC (821 E Main St), is described as intending to continue operations of the retail portion and is willing to sign a leaseback from a new owner.
The listings are also offered for separate purchase, as indicated in the remarks.
A long-term tenant at Matheson Gas (251 Scott Ave) is on a 5-year lease and is described as having approximately $250,000 remaining in rental income. The second property, associated with HSC (821 E Main St), is described as intending to continue operations of the retail portion and is willing to sign a leaseback from a new owner.
The listings are also offered for separate purchase, as indicated in the remarks.
Key Highlights
- Two separate but contiguous commercial/industrial properties: 251 Scott Ave and 821 E Main St.
- 251 Scott Ave has a long‑term solid NNN tenant at Matheson Gas with approximately $250K remaining in rental income on a 5‑year lease.
- 821 E Main St tenant (HSC) intends to continue operating the retail portion and is willing to sign a leaseback with a new owner.
Property Analytics
Location Intelligence
Current Use by Public Records
Howard Supply Co
Building Supply
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FAQs
What type of property is this?
NNN property - Two separate but contiguous commercial industrial properties with long-term NNN income and leaseback potential for existing operations.
Where is this nnn property located?
The property is located at 821 & 251 MAIN Street Farmington, NM.
What are key features of this property?
This property features: Two separate but contiguous commercial/industrial properties: 251 Scott Ave and 821 E Main St.; 251 Scott Ave has a long‑term solid NNN tenant at Matheson Gas with approximately $250K remaining in rental income on a 5‑year lease.; 821 E Main St tenant (HSC) intends to continue operating the retail portion and is willing to sign a leaseback with a new owner.
