Matthews Logo

Navigation Menu

4650 N Butler, Farmington, NM, 87401

SOCIAL SECURITY ADMINISTRATION
$2,200,000

Photos

Highlights

INVESTMENT HIGHLIGHTS

  • Mission Critical – Next closest SSA building in the State of New Mexico is 117 miles away in Gallup, NM
  • Long Term Lease – Originally a 10-year firm lease, this shows a lot of commitment by the tenant as many are renewing for 5-year firms instead
  • Annual CPI Rent Increases – The tenant increases the rent each year in accordance with the CPI or Consumer Price Index
  • Large Lot – With ±1.85 AC located on the lot, this is an opportunity for expansion if the tenant ever needs it
  • Utilities – Sellers have already done the electrical and groundwork necessary to work with any potential expansions on the parcel

Location

Agents

Broker of Record

Brian Brockman

License # 20241 (NM)
Bang Realty-New Mexico Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
9.24%
$ per SF
$249
Year Built
2002
Type
Retail
Leasable Area
8,835