Maverik

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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:

• Long-Term, 15-Year Absolute Triple Net (NNN) Ground Lease
• Brand New Construction
• Ten (10), Five (5)-Year Tenant Renewal Options, Bringing Potential Term to 65 Years
• Eight Percent (8%) Rental Increases Occurring Every Five (5) Years Throughout the Base Term and in Each of the Ten (10) Tenant Renewal Option Periods
• Corporate Guarantee & Location
• Next Door Developments Currently in Progress: Tidal Wave Auto Spa, Seven Brew Coffee, and a Future Big Box Development
• Maverik Recently Acquired Kum & Go, a Convenience Store Chain with More than 400 Locations