NNN Pro Group is pleased to present the exclusive listing for a La Quinta Inn & Suites located at 200 E 19th St in Roswell, NM. The site consists of roughly 40,875 rentable square feet of building space on estimated 2.03-acre parcel of land. This La Quinta is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which commences at the close of escrow. The current annual rent is $533,333 and is scheduled to increase by 1.5% annually throughout the base term and in each of the 4, 5-year renewal options.
✓ Brand New Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Lease Commences at Close of Escrow
✓ One-and-a-Half Percent (1.5%) Annual Rental Increases
✓ Well Below Replacement Cost | Fully Renovated in 2022, Spent Over $500,000 on Renovations | 75 Keys
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Ranked in the 79th Percentile of all La Quinta’s on Placer.AI*
