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Auto Service - Gas-Conv

Alta | Absolute NNN Corporate Lease

1035 S 2nd St, Raton, NM 87740

Listing Price: $1,110,000

Cap Rate
6.50%
Tenant Name
Alta
Years Remaining On Lease
16.0
Guarantor
Corporate Guarantee
Rentable SF
659
Lease Type
Absolute Net
Rent Per Square Feet
$109.43

Investment Overview

Subject property is a corporate leased Alta Convenience C-Store/Gas Station in Raton, NM. It has 16 years remaining in the current term of an absolute NNN Lease with rental increases in 2026, 2031, 2036, and each of its four, 5-year options.

Investment Highlights

  • Corporate Lease with 16 Years Remaining
  • Rental Increases in 2026, 2031, 2036 and in Options
  • Potential Bonus Depreciation Opportunity

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Auto Service - Gas-Conv

Alta | Absolute NNN Corporate Lease

Listing Price: $1,110,000

Cap Rate
6.50%
Tenant Name
Alta
Years Remaining On Lease
16.0
Guarantor
Corporate Guarantee
Rentable SF
659
Lease Type
Absolute Net
Rent Per Square Feet
$109.43

Investment Highlights

  • Corporate Lease with 16 Years Remaining
  • Rental Increases in 2026, 2031, 2036 and in Options
  • Potential Bonus Depreciation Opportunity

Investment Overview

Subject property is a corporate leased Alta Convenience C-Store/Gas Station in Raton, NM. It has 16 years remaining in the current term of an absolute NNN Lease with rental increases in 2026, 2031, 2036, and each of its four, 5-year options.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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