Dry Good

Big R

1310 S Main St, Roswell, NM 88203

Listing Price: $4,000,000

Cap Rate
7.50%
Tenant Name
Big R
Years Remaining On Lease
10.00
Guarantor
Corporate Guarantee
Rentable SF
57,268
Lease Type
Double Net
Rent Per Square Feet
$5.24

Investment Overview

Available for sale is a single-tenant double net lease Big R. Situated on South Main Street in Roswell, New Mexico, this property is well-located within a thriving corridor, as it is one of the key retail and service areas for Roswell. This property sits across from the Chaves County and Roswell City offices and has visibility to over 18,000 vehicles per day. Tenants within the immediate trade area include Dion’s Pizza, Little Caesar’s, O’Reilly Auto Parts, Walgreens, Albertson’s, McDonald’s, Planet Fitness and many more. The brand-new ten-year lease has a 10% rental increase every five years. Additionally, there are three, five-year extension options each with a 10% increase after each is exercised. Landlord is responsible for maintaining roof, structure and parking lot. The lease is backed by a strong corporate guaranty.

Investment Highlights

  • Brand New 10-Year Term with 10% Increases Every Five
  • Three Five-Year Extension Options, Each With a 10% Increase After Exercised
  • Corporate Guaranty
  • NN Lease - Landlord Responsible for Maintaining Roof, Structure and Parking Lot

Exclusively Listed By

Listing Price: $4,000,000

Cap Rate
7.50%
Tenant Name
Big R
Years Remaining On Lease
10.00
Guarantor
Corporate Guarantee
Rentable SF
57,268
Lease Type
Double Net
Rent Per Square Feet
$5.24

Investment Highlights

  • Brand New 10-Year Term with 10% Increases Every Five
  • Three Five-Year Extension Options, Each With a 10% Increase After Exercised
  • Corporate Guaranty
  • NN Lease - Landlord Responsible for Maintaining Roof, Structure and Parking Lot

Investment Overview

Available for sale is a single-tenant double net lease Big R. Situated on South Main Street in Roswell, New Mexico, this property is well-located within a thriving corridor, as it is one of the key retail and service areas for Roswell. This property sits across from the Chaves County and Roswell City offices and has visibility to over 18,000 vehicles per day. Tenants within the immediate trade area include Dion’s Pizza, Little Caesar’s, O’Reilly Auto Parts, Walgreens, Albertson’s, McDonald’s, Planet Fitness and many more. The brand-new ten-year lease has a 10% rental increase every five years. Additionally, there are three, five-year extension options each with a 10% increase after each is exercised. Landlord is responsible for maintaining roof, structure and parking lot. The lease is backed by a strong corporate guaranty.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower