Graystone Capital Advisors is pleased to present an outstanding investment opportunity at 6588 East Main Street, Farmington, NM. This 7,855 square-foot, single-tenant medical office condominium is 100% leased to 6588 East Main Street Farmington Services, LLC, a general dentistry provider operating under the Sundance Dental Care brand.
Offered at $1,668,510, the property delivers a 7.25% cap rate and a price per square foot of $212.41, making it an attractive acquisition for investors seeking stable, long-term cash flow from a healthcare tenant. The lease has 4.2 years remaining on its initial term and includes two (2) five-year renewal options, providing predictable income and tenant continuity.
The property is leased on a triple-net (NNN) basis, with the tenant responsible for all operating expenses, including property taxes, insurance, and condominium association fees, while the landlord retains responsibility only for roof, structure, and ADA compliance. This results in a truly low-maintenance, passive investment, appealing to both first-time buyers and seasoned investors seeking reliable returns with minimal management responsibilities.