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Shopping Community

Dona Ana Plaza - Grocery Anchored

1239 S 2nd St, Raton, NM 87740

Listing Price: $3,700,000

Cap Rate
8.00%
Rentable SF
77,289
Lot Size
6.70 acres
Year Built
1974

Investment Overview

We are pleased to present Dona Ana Plaza in Raton, New Mexico. The offering is grocery anchored community shopping center consisting of 77,289 square feet of improvements sitting on a 6.7-acre parcel. The real estate is a value-add necessity needs based center that has served the community for over 40 years. Dona Ana Plaza is comprised of a diverse tenant mix of grocery, discount goods, medical, restaurant, and other internet resistant services tenants. The vast majority of the tenants have been at this site for over a decade showing a commitment to the location. The large parking field offers potential for additional pad development along Second St. The property is being offered free and clear of any existing debt and has not sold in the last 50 plus years.

Investment Highlights

  • GROCERY-ANCHORED CENTER: The only Grocery Store within a 20-mile Radius with an operating history of 40 Years, with Low Rents and Low Occupancy Cost
  • BELOW REPLACEMENT COST: Price Per Foot of $47.48, far below cost to replace the property, reflecting the imbedded value and upside due to low rents
  • HIGH YIELD: 8% Capitalization Rate and 9.21 % Cash on Cash
  • VALUE ADD OPPORTUNITY: Current Occupancy of 83% representing Potential Upside in Lease up and converting existing leases to NNN
  • COMMITMENT TO LOCATION: Family Dollar recently extended their lease, taking an additional 6,000SF for a full renovation, converting to the new Family Dollar & Dollar Tree format

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Shopping Community

Dona Ana Plaza - Grocery Anchored

Listing Price: $3,700,000

Cap Rate
8.00%
Rentable SF
77,289
Lot Size
6.70 acres
Year Built
1974

Investment Highlights

  • GROCERY-ANCHORED CENTER: The only Grocery Store within a 20-mile Radius with an operating history of 40 Years, with Low Rents and Low Occupancy Cost
  • BELOW REPLACEMENT COST: Price Per Foot of $47.48, far below cost to replace the property, reflecting the imbedded value and upside due to low rents
  • HIGH YIELD: 8% Capitalization Rate and 9.21 % Cash on Cash
  • VALUE ADD OPPORTUNITY: Current Occupancy of 83% representing Potential Upside in Lease up and converting existing leases to NNN
  • COMMITMENT TO LOCATION: Family Dollar recently extended their lease, taking an additional 6,000SF for a full renovation, converting to the new Family Dollar & Dollar Tree format

Investment Overview

We are pleased to present Dona Ana Plaza in Raton, New Mexico. The offering is grocery anchored community shopping center consisting of 77,289 square feet of improvements sitting on a 6.7-acre parcel. The real estate is a value-add necessity needs based center that has served the community for over 40 years. Dona Ana Plaza is comprised of a diverse tenant mix of grocery, discount goods, medical, restaurant, and other internet resistant services tenants. The vast majority of the tenants have been at this site for over a decade showing a commitment to the location. The large parking field offers potential for additional pad development along Second St. The property is being offered free and clear of any existing debt and has not sold in the last 50 plus years.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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