Pilot Flying J Travel Center
5,000 SF | Retail Building | Santa Rosa, NM 88435 | $2,336,283 ($467/SF) | 5.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,336,283
- Property Type
-
Retail
- Square Feet
- 5,000 SF
- Price / Square Foot
- $467
Listing Contacts
Mary Lou Kampman
Verified Profile
James Dountas
Verified Profile
Matt Henrichs
Verified Profile
Parker Brown
Verified Profile
- Property Info
Property Overview
CBRE is pleased to exclusively offer a 7.57 acre Pilot Flying J Travel Center in Santa Rosa, New Mexico (the “Property”). The single tenant NNN ground lease opportunity features 11.5 years remaining on the lease term plus four 5-year automatic renewal options that include 10% rental increases each term.
Improvements on the Property include a freestanding travel center with two fast food restaurants, showers and fuel lanes for cars and truck/trailers. Pilot Flying J Travel Center also includes plentiful parking for public as well as prime reserved spaces for truck/trailers. The Property is positioned along historic Route 66 just off of I-40, a major east/west transit corridor in New Mexico with drive by exposure of
over 24,000 vehicles per day, sitting 120 miles east of Albuquerque.
Pilot Flying J Travel Center is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
Improvements on the Property include a freestanding travel center with two fast food restaurants, showers and fuel lanes for cars and truck/trailers. Pilot Flying J Travel Center also includes plentiful parking for public as well as prime reserved spaces for truck/trailers. The Property is positioned along historic Route 66 just off of I-40, a major east/west transit corridor in New Mexico with drive by exposure of
over 24,000 vehicles per day, sitting 120 miles east of Albuquerque.
Pilot Flying J Travel Center is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
Property Details
- Class
- C
- Year Built
- 2016
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 326,700 SF
Highlights
- Long Term Occupancy
- Attractive NNN Lease Structure With Automatic Renewal Options
- Stabilized Income with Future Rent Growth
- Strong Credit Backed Tenancy
- High Profile Interstate Location
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