1310 E Pine St.

Shopping Center for Sale
Catylist Listing ID: 30468253
Property Subtypes: Free-Standing Store, Strip Center
Building Size (RSF): 20,000 SF
Gross Land Area: 60,000 SF
Sale Price: $1,750,000
Unit Price: $87.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/5/2019

Overview / Comments

This is a beautiful strip center located on the main commercial street in Deming, New Mexico across from Wal-Mart. The center has a variety of Tenants, such as a dentistry, who's lease expires in 2023, and retail Tenants, such as Dollar General and Aaron Home Rentals. This building is in excellent condition.

The lease with Dollar General will expire soon, and they are scheduled to move out before the end of the year. We are looking for a new Tenant who will probably pay more than the current rate. Please see attached for rental rates.

This is a good opportunity for a user of the building, since SBA allows you to get a loan, as long as you occupy 50% of the property.

Additional Details

Nearest MSA: Deming
County: Luna
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,943 14,821 14,821
Median Age: 35.78 38.02 38.02
Households: 1,782 5,601 5,601

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