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*
NNN Pro Group is pleased to present the exclusive listing for an Maverik located at 4901 East Main Street in Farmington, New Mexico, 87402. The site consists of roughly 4,425 rentable square feet of building space on estimated 1.44-acre parcel of land. This Maverik is subject to a 15-year absolute triple-net (NNN) lease, which is scheduled to commence upon store opening, approximately on September 1st, 2023. The current annual rent is $122,000 and is scheduled to increase by 8% every 5 years throughout the base term and in each of the 10, 5-year renewal options. Glen Kunofsky and Judson Kauffman, exclusive listing agents, are also principals of this property. They are licensed real estate salespersons for the NNN Pro Group in the state of New York.
About the Investment:
