603 Silky Way Española, NM 87532
- Retail properties
- 5,500 SF
Current Use by Public Records
- Retail properties
Property Details for 603 Silky Way
- Year built
- 2017
- Property size
- 5,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 5,500-square-foot storefront in Española, New Mexico, currently leased to Anytime Fitness, the #1 global franchise by Entrepreneur. The property boasts a strong 8.00% cap rate, generating a substantial net operating income (NOI) of $127,308. The absolute net lease has 13 years remaining on its primary term, extending until June 30, 2037, commencing July 1, 2023. Strategically located on Silky Way with convenient access to N Riverside Drive, the property enjoys exceptional visibility to over 30,000 vehicles daily. This prime location benefits from strong co-tenancy with a variety of national retailers, including Walmart Supercenter, Lowe's, Starbucks, McDonald's, Dollar Tree, AutoZone, and CVS. The building, constructed in 2017, offers a secure and stable investment with significant long-term potential. This is a rare chance to acquire a high-performing retail property anchored by a globally recognized brand in a thriving retail corridor. The asking price is $1,595,000. The property is situated in Rio Arriba County, New Mexico, with the address being 603 Silky Wy, Española, NM 87532.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Española
- County
- Rio Arriba
- State
- New Mexico
- Longitude
- -106.063
- Latitude
- 36.0128
