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    719 Main St Farmington, NM 87401

    Sponsored
    For Sale
    $2,571,429

    High-yield Starbucks NNN lease; strong location.

    Property size:
    2,331 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,331 square foot Starbucks located at 719 W Main St, Farmington, NM 87401. The property boasts a 10-year corporate net lease with Starbucks, minimizing landlord responsibilities. The lease commenced on February 23, 2024, and extends to March 31, 2034, offering a remaining term of approximately 9.4 years. The property sits on a 1.06-acre lot and enjoys a prime location between Main Street and Broadway, benefiting from high visibility to 20,298 vehicles per day (VPD). Its proximity to the San Juan Regional Medical Center (2,000+ employees, 198 beds) further enhances its strategic positioning. The average household income within a 5-mile radius is $87,629. The property features a single, 1-story building constructed in 2024, with a 100% occupancy rate. The Net Operating Income (NOI) is $135,000, resulting in a 5.25% capitalization rate. The asking price is $2,571,429, translating to a price per square foot of $1,103.14. This investment offers a compelling combination of a strong tenant, a desirable location, and a substantial return on investment. Farmington serves not only its immediate area but also surrounding communities including Bloomfield, Shiprock, Aztec, Fruitland, and Durango, CO.

    Property Features for 719 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    2,331 SF
    Lot Size
    46,174 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 10‑Year Corporate Net Lease with Starbucks.
    • Minimal landlord responsibilities; Triple Net (NNN) lease.
    • Newly constructed; Grand Opening February 23, 2024.
    • Strong demographics: $87,629 average household income within a 5‑mile radius.
    • High visibility location with 20,298 vehicles per day (VPD).
    • Prime location between Main St & Broadway, near San Juan Regional Medical Center (2,000+ employees).
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.2159045
    Latitude
    36.7286898

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    FAQs

    What type of property is this?
    Restaurant - High-yield Starbucks NNN lease; strong location.
    Where is this restaurant located?
    The property is located at 719 Main St Farmington, NM.
    What is the asking price?
    The asking price for this property is $2,571,429.
    What are key features of this property?
    This property features: 10-Year Corporate Net Lease with Starbucks.; Minimal landlord responsibilities; Triple Net (NNN) lease.; Newly constructed; Grand Opening February 23, 2024.
    (505) 292-9607
    Request Owner's contact information
    719 Main St Farmington, NM 87401
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    Farmington, NM 87401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    719 Main St Farmington, NM 87401
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