CannaMLS ID: 264166

Cannabis Dispensary Storefront 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

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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

Contact Seller

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