CannaMLS ID: 13116
Cannabis Retail Business for sale in Belen, NM 87002
Investment Opportunity – Cannabis Industry
Created | Updated
Price
$ 775,000
Seller financing available
804 S Main St. was previously a high income producing convenience store and gas station. It has since been converted to a successful cannabis retailer. This wil
- Property
- Licenses
- General
Property
Address: 804 South Main St.
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Building size (sq ft): 4,820
- Property
- Licenses
- General
Property
Address: 804 South Main St.
Property is: For sale
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Retail
Building size (sq ft): 4,820
Description
804 S Main St. was previously a high income producing convenience store and gas station. It has since been converted to a successful cannabis retailer. This will be a great investment - here are some highlights:
* Current Tenant on a 6 year lease that commenced on June 1st, 2023
* Tenant paying $6000 per month with 3% annual increases making the last year of the lease in 2028 just under $7000 per month
* Owner pays property taxes and insurance ONLY which equates to roughly $450/month
* Property located in the heart of Belen on Main Street close to restaurants, retail, hospitality and residential housing. Minutes from I-25
6 year term that commence June 1st of 2023
3% increases per year
