Contacts
Alexander Machado
Matthews Real Estate Investment Services
(305) 359-5207
Daniel Gonzalez
Matthews Real Estate Investment Services
(305) 395-6972
Connor Knauer
Matthews Real Estate Investment Services
(404) 400-2794
Property Details
- Property Type Retail
- Property Size 2,400 SF
- Lot Size 0.33 Acre
- Cap Rate % 8.6
- NOI / YR 167760
- Year Built 1979
- Year Renovated 2022
- Date Updated Nov 7, 2023
- HIGH YIELDING INVESTMENT – Property is being offered at a Year-1 in place cap rate of 8.60%
- STRONG OPERATOR – The parent company, Schwazze, boasts a successful track record as a multi-state operator, presently managing operations across New Mexico and Colorado. With an impressive portfolio of over 62 dispensaries, 6 cultivation facilities, and 4 manufacturing facilities, Schwazze has demonstrated market dominance. Notably, they have showcased a year-over-year (YOY) growth in Revenue and Adjusted Gross Profit Margin, coupled with a reduction in corporate SG&A, leading to a noteworthy adjusted EBITDA Margin of 34.7% for Q2’3 TTM.
- FAVORABLE RENTAL INCREASE – 10% every 5-Years providing investors with a hedge against inflation.
- LONG LEASE-TERM REMAINING – The lease’s base term extends for over 9 years, providing investors a stable and predictable income stream for the foreseeable future.
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Attachments
Getting around
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64/100
Walk Score ®
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51/100
Bike Score ®
Location
- City Alamogordo, NM
- Zip Code 88310
- Market El Paso
Points of Interest
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Alon
0.03 miles
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Murphy Express
0.14 miles
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Valero
0.47 miles
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Shell
0.49 miles
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Phillips 66
0.73 miles
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Save-o-Mat
0.78 miles
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Circle K
1.31 miles
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Speedway
1.70 miles
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Allsups
1.76 miles
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Speedway
1.83 miles
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Alameda Zoo parking
0.71 miles
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Taiwan Kitchen
0.04 miles
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Domino's
0.04 miles
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Long John Silver's
0.10 miles
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A&W
0.10 miles
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Burger King
0.10 miles
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McDonald's
0.14 miles
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Margoes
0.21 miles
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Wendy's
0.25 miles
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Tiger Burger
0.27 miles
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Thai Cuisine
0.29 miles
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Walmart Supercenter
0.26 miles
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Lowe's
0.78 miles
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Albertsons
1.09 miles
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Doller Tree
1.84 miles
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Natures Pantry
2.35 miles
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Walmart Neighborhood Market
2.49 miles
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Ross
2.81 miles
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Marshalls
2.83 miles
In-Depth Research Available for this Property
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