Great Low Maintenance Investment Opportunity in Corrales, NM - Auto Service/Gas Station site - Close to 7 years remaining on primary lease term - $525K, equates to extremely attractive 9.48% cap rate on actual NOI - Lease guarantor operates multiple gas station sites throughout ABQ Metro area - Only gas station located in Corrales Village limits - Site is well positioned along Main Street in the main commercial corridor of Corrales - Oversized lot (0.89 AC) with extensive frontage - Ideal investment opportunity for a passive investor looking for high rate of return - Area description: Upscale village of Corrales, which lies between ABQ's Cottonwood Mall area (to the south) and Rio Rancho (to the west and north). Site located at epicenter of Corrales' commercial corridor. Property has over 300' of frontage along Main Street. - Number of buildings: 1 - Building condition: Good - Class of space: Class - Tenancy: Single Tenant
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Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.