4906 Main St Farmington, NM 87402
- Retail properties
- 5,078 SF
- 0.70 lot acres
Current Use by Public Records
- Stanton Optical / Optician / Sunglasses Store
- Chipotle Mexican Grill / Mexican Restaurant / Caterer
- myeyelab / Eye Care Center
Property Details for 4906 Main St
- Year built
- 2017
- Lot size
- 0.70 lot acres
- Property size
- 5,078 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Farmington, NM retail property offers a compelling investment opportunity. The 5,078 square foot, single-story building houses two national tenants: Chipotle and Stanton Optical, both operating under corporate guarantees. Built in 2017, the property boasts 100% occupancy and a strong 6.65% cap rate, generating a substantial NOI of $191,170. Situated on a 0.7-acre lot with excellent visibility on E Main Street (NM Route 516), the plaza benefits from high daily traffic counts exceeding 29,500 vehicles. The property's prime location is complemented by proximity to major retailers like Target and Walmart, and a dense residential population within a few miles. Both tenants have long-term leases with attractive rent bumps, minimizing landlord responsibilities and providing a hedge against inflation. Chipotle's lease has 4+ years remaining with three 5-year options, while Stanton Optical's lease has 3+ years remaining with four 5-year options. This fee-simple offering presents a rare chance to acquire a stable, high-performing retail investment in a thriving New Mexico market. The strong tenant mix, favorable lease terms, and strategic location make this an ideal addition to any portfolio. The property is located in San Juan County, NM, zip code 87402.
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
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.148
- Latitude
- 36.7677
