206 Hudson St Silver City, NM 88061-5429

Property Details for 206 Hudson St

Year built

1975

Construction

FRAME

Lot size

0.36 lot acres

Property size

2,665 SF

Property type

Retail space

APN

3-081-103-151-342

APU

3081103151342

Description

This exceptional investment opportunity presents a 2,450 square foot Fast Stop convenience store and gas station located at 206 North Hudson Street in Silver City, New Mexico, zip code 88061. The property is offered at $1,419,355, representing a compelling price per square foot of $579.33 and a 7.75% cap rate based on a Net Operating Income (NOI) of $110,000. The property features a 20.1-year absolute triple net (NNN) lease, commencing December 15, 2023, and expiring December 31, 2043, with a remaining term of 19.1 years. The lease includes a corporate guarantee from Fast Stop, providing significant tenant security. Annual rent increases of 2% are built into the lease, offering protection against inflation. Four five-year lease options further enhance the long-term stability of this investment. The property boasts 100% occupancy and benefits from the growth trajectory of Silver City, driven by the local Chino Mine and Western New Mexico University. The lease structure places all responsibility for property taxes, insurance, and maintenance on the tenant, minimizing landlord responsibilities. A comprehensive due diligence package will be provided upon execution of a purchase and sale agreement. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential.