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2 NM-196Costilla, NM 87524
Sinclair
Asset ClassRetail
Deal Size$2 M
Cap Rate: 7.91%Lease-Term Remaining: 20 YearsAccess Data Room
20-YEAR ABSOLUTE NNN LEASE
overview of deal

Overview

Price: $2,00,000 | Cap Rate: 7.91% | NOI: $158,229

Land Area: 0.55 AC

Building Size: 1,210 SF

Pumps: Eight Pumps

 

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Investment Highlights

BORDER-GATEWAY FRONTAGE ON THE REGION'S PRIMARY NORTH–SOUTH HIGHWAY Direct frontage at the NM-196 / NM-522 junction, positioning the property as the first and last fuel and convenience stop in New Mexico for the tourism, recreation, and commuter traffic crossing between Colorado's San Luis Valley and northern New Mexico

 

20-YEAR SALE-LEASEBACK COMMENCING AT CLOSE OF ESCROW A brand-new 20-year lease commences at close of escrow, providing two full decades of committed term and stable income from day one with no near-term rollover risk

 

QUALIFIES FOR 100% BONUS DEPRECIATION IN YEAR ONE As a gas station/convenience property, the asset qualifies for 100% bonus depreciation in year one, allowing eligible investors to substantially enhance after-tax returns

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2 NM-196Costilla, NM 87524

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Ryan SarbinoffNM BOR

License #: 20675

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