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Shopping Strip

John Dunn Shops

120 Bent St, Taos, NM 87571

Listing Price: $6,236,000

Cap Rate
5.50%
Gross SF
21,495
Rentable SF
21,495
Price/Gross SF
$290.11
Lot Size
0.83 acres
Year Built
1920

Investment Overview

Marcus & Millichap is pleased to present a prime investment opportunity to acquire a 100 percent occupied, 21,495-square foot, multi-tenant retail center located in Historic Downtown Taos, New Mexico. John Dunn Shops is a pedestrian-friendly retail streetscape and is well positioned one block north of the historic plaza. Featuring an established tenant base comprised of long-term leases, extremely low historical vacancy, below-market rents, and a premium location, the subject property is a stabilized asset that also provides future upside potential.

Investment Highlights

  • Rare Investment Opportunity in Historic Downtown Taos, New Mexico | One Block North of the Historic Taos Plaza
  • Comprised of 20+ Unique Shops, Galleries, and Restaurants in Three Separate Buildings Centered Around a Beautifully Landscaped Pedestrian Walkway
  • 100% Occupied | All Retail Tenants Have Modified Gross Leases and Pay Fixed Reimbursement Amounts
  • Diverse Tenant Base with Long-Term Tenants | Five of the Tenants Have Been In Place For an Average of 29 Years | Six Shops and 13 Merchants Have Been In Place an Average of Seven and Nine Years Respectively
  • Located in Taos Historic District Within a Five-Minute Walk to Six Museums | Near Many Hotels, Galleries, Historical Attractions, Restaurants, and Retail Shops

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Financing By

Shopping Strip

John Dunn Shops

Listing Price: $6,236,000

Cap Rate
5.50%
Gross SF
21,495
Rentable SF
21,495
Price/Gross SF
$290.11
Lot Size
0.83 acres
Year Built
1920

Investment Highlights

  • Rare Investment Opportunity in Historic Downtown Taos, New Mexico | One Block North of the Historic Taos Plaza
  • Comprised of 20+ Unique Shops, Galleries, and Restaurants in Three Separate Buildings Centered Around a Beautifully Landscaped Pedestrian Walkway
  • 100% Occupied | All Retail Tenants Have Modified Gross Leases and Pay Fixed Reimbursement Amounts
  • Diverse Tenant Base with Long-Term Tenants | Five of the Tenants Have Been In Place For an Average of 29 Years | Six Shops and 13 Merchants Have Been In Place an Average of Seven and Nine Years Respectively
  • Located in Taos Historic District Within a Five-Minute Walk to Six Museums | Near Many Hotels, Galleries, Historical Attractions, Restaurants, and Retail Shops

Investment Overview

Marcus & Millichap is pleased to present a prime investment opportunity to acquire a 100 percent occupied, 21,495-square foot, multi-tenant retail center located in Historic Downtown Taos, New Mexico. John Dunn Shops is a pedestrian-friendly retail streetscape and is well positioned one block north of the historic plaza. Featuring an established tenant base comprised of long-term leases, extremely low historical vacancy, below-market rents, and a premium location, the subject property is a stabilized asset that also provides future upside potential.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

Financing By

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