Property Details for 125 Main St

Year built

2017

Lot size

0.75 lot acres

Property size

9,400 SF

Property type

Grocery and convenience stores

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,400 square foot, single-story building constructed in 2017. Located at 125 S Main St, Roswell, NM 88203, this property boasts a 100% occupancy rate with an absolute NNN lease in place. The tenant, Advance Auto Parts, a nationally recognized and credit-rated corporation (S&P Rated: BBB-), holds a corporate-guaranteed lease with approximately eight years remaining on a fifteen-year term, expiring July 30, 2032. The lease includes four, five-year renewal options with 5% rent bumps. The current annual net operating income (NOI) is $90,250, resulting in an attractive 7.35% cap rate. The property sits on a 0.75-acre lot in a high-traffic area, with over 17,000 vehicles passing daily. The surrounding area has a 5-mile population exceeding 50,000 residents and is conveniently located near numerous automotive repair businesses. The asking price is $1,227,891. This is a rare opportunity to acquire a stable, high-performing investment property with a strong tenant and significant remaining lease term in a thriving New Mexico market. The current rent is well below market value, offering potential for future appreciation.

Location Insight

City

Roswell

County

Chaves

State

New Mexico

Longitude

-104.5222693

Latitude

33.3923506