101 Main StBelen, NM 87002

This exceptional Class A office building, located at 101 S Main St, Belen, NM 87002, presents a compelling investment opportunity. The 44,560 square foot, four-story building boasts a prominent location on a 3.87-acre lot, offering expansive views. Currently 64% occupied, the property features a multi-tenant configuration with five tenants, including the anchor tenant, Wells Fargo Bank. A 10-year lease is in place, with 5 years remaining. The gross lease structure includes rent bumps, providing consistent income growth. The building, constructed in 1987 and zoned C1, offers significant upside potential. The current Net Operating Income (NOI) stands at $350,000, yielding a 6.36% cap rate at the asking price of $5,500,000 ($123.43 per square foot). The property features six or more drive-up windows, enhancing accessibility and visibility. Financial statements are available upon request. This sale-leaseback opportunity offers a strong foundation for immediate income and long-term appreciation. Lease options are available. Full occupancy is projected for May 1, 2024.