813 1St StGrants, NM 87020

This 10,418-square-foot retail storefront in Grants, New Mexico, presents a compelling owner-user investment opportunity. Currently boasting 100% occupancy, the property generates a strong net operating income (NOI) of $22,338, translating to a 7.98% capitalization rate at an asking price of $280,000 ($26.88 per square foot). Three of the four tenants are secured by multi-year leases, providing excellent stability. While one suite operates on a month-to-month lease, it's a long-term tenant. Recent improvements include new exterior LED lighting and an upgraded pylon sign. The property also benefits from significant 2022 city upgrades to the surrounding infrastructure, including new sidewalks, repaved roads, updated plumbing and drainage, and modern LED streetlights along 1st Street, the town's main thoroughfare. This presents a value-add potential for a savvy investor seeking a strong return in a revitalized area. The property is located at 813 1st St, Grants, NM 87020.