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1503 Main St SWLos Lunas, NM 87031
Los Lunas Mister Car Wash
Asset ClassRetail
overview of deal

Overview

Single Tenant NNN Leased Investment in Los Lunas, NM

Annual Rent Increases | Built in 2023

 

Sale Price: $5,359,858

CAP: 5.65%

NOI: $302,832

Rent Increases: 1.75% Per Annum

 

Net Rentable: 5,436 SF

Lot Size: 1.07 AC

APN: 1 008 039 364 070

 

 

Investment Highlights

  • Absolute NNN Lease - Zero Landlord Responsibilities
  • 20-Year Initial Term + Four (4) 5-Year Renewal Options (~38+ Years Total)
  • 1.75% Annual Escalations - Compounded Annually
  • Mister Carwash taken private by Leonard Green & Partners in May 2026
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deal gallery image
deal gallery image
1503 Main St SWLos Lunas, NM 87031

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