4901 Main St Farmington, NM 87402

This exceptional investment opportunity presents a brand-new, 4,425 square foot Maverik convenience store and gas station located at 4901 E Main St, Farmington, NM 87402. Situated on a 1.44-acre lot, this property boasts a 15-year absolute triple-net (NNN) lease with a corporate guarantee, offering significant long-term stability. The lease commenced approximately September 1st, 2023, and features ten 5-year renewal options, potentially extending the lease term to 65 years. Annual rent is $122,000, with an 8% increase every five years throughout the base term and each renewal option period. The property's strong location benefits from nearby developments including Tidal Wave Auto Spa, Seven Brew Coffee, and a planned big-box retailer. Built in 2023, this property offers a compelling 5.50% cap rate and a price per square foot of $501.28. The asking price is $2,218,181. This is a rare opportunity to acquire a high-performing, newly constructed asset with exceptional long-term growth potential in a thriving market. The property enjoys 100% occupancy.