Description
This is a great investment property for someone looking for a high return on their investment with tremendous appreciation in a fast growing medical practice neighborhood. The building is rented to a national franchise on a triple net lease at current market rents with built in escalation for the next 12 years. The building has been completely renovated to accommodate the needs of the tenant who happens to be one of the most successful optometry - specialty medical practices in town. The offer is for a 50% interest in the building that requires an investment of approximately $500,000.00 which will produce a 6.5% return on the investment.
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
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6,431SQFT
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$78$/SQFT
School Ratings & Info
Description
This is a great investment property for someone looking for a high return on their investment with tremendous appreciation in a fast growing medical practice neighborhood. The building is rented to a national franchise on a triple net lease at current market rents with built in escalation for the next 12 years. The building has been completely renovated to accommodate the needs of the tenant who happens to be one of the most successful optometry - specialty medical practices in town. The offer is for a 50% interest in the building that requires an investment of approximately $500,000.00 which will produce a 6.5% return on the investment.
© 2023 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than EXIT Realty Advantage NM are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-10-02T15:51:49.673.
Listing provided courtesy of Paul Duran of Keller Williams Realty: (505) 983-5151. © 2023 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.