1116 Riverside Dr Espanola, NM 87532-2595

Riverside Plaza, located at 1116 N Riverside Dr, Española, NM 87532, presents a compelling investment opportunity in a high-traffic area. This single-story, 5,219 square foot shopping center sits on a 0.4-acre lot and is zoned for commercial use. Currently boasting 100% occupancy with three national and local tenants—Metro PCS, LuvLeigh Photos, and Rent-A-Center—the property offers a stable income stream. The triple-net (NNN) lease structure minimizes landlord responsibilities. The current lease term has 5 years remaining, generating a net operating income (NOI) of $61,469 and an 8.50% capitalization rate. The property benefits from high visibility and significant daily traffic exceeding 47,000 vehicles. Its strategic location on N. Riverside Drive, with convenient left-turn access, ensures excellent exposure to potential customers. This is a well-established retail center surrounded by other national tenants, making it an attractive and low-risk investment. The asking price for this exceptional property is $725,000. This bite-sized investment opportunity is situated in Rio Arriba County, New Mexico.