Farmington, NM Property For Sale and Lease

• Single story retail/showroom/industrial building

• Located on the corner of Main and N Hutton with over 27,000 VPD

• Five roll-up doors and large fenced outdoor work area

• Storefront showroom and storage available

• Property is dual zoned general commercial and single-family. The entire lot is grandfathered as general commercial, as is. Redevelopment prospects must apply for general commercial if building is bulldozed.

The parcel is positioned along the key retail and restaurant corridor in Farmington, New Mexico. Nearby businesses include: Planet Fitness, Verizon, Starbuck's, American Family Urgent Care, Staples, Dunkin' Donuts, U-Haul of Farmington, Buffalo Wild Wings.

Ideal retail pad site available for many uses. Located on a busy street with great visibility and signage. All infrastructure in place, including utilities, access points, parking lot, landscaping and level dirt work. Shovel ready building envelope and water meter has recently been added.

Up to 7600 sf building may be constructed or up to 4900 sf with drive thru. Located adjacent to very high performing Dollar Tree and nearby top performing Walmart. Underserved market area with significant need for retail services, including 30,000+ additional residents from Shiprock reservation.

Parcel A:  ±0.99 Acres:   $47,022

Parcel B: ±0.99 Acres:    $47,022

Great highway visibility

Multiple hotels nearby such as Holiday Inn Express, Baymont Inn, Comfort Suites and Hampton Inn

Located in a trade area of more than 136,000 people

Owner financing available

Utilities available on road

Zoning:  General Commercial

Allowable Uses:

Upper story residential

Assisted living/nursing homes

Hotels/boarding houses

Community center/library/auditoriums/religious institutions

Office, retail, and industrial uses

RV/vehicle sales

Self storage or mini warehouse

Manufactured home sales lot

Truck stop/convenience with gas

SALE PRICE/LEASE RATE

See Advisors

AVAILABLE

Land: ±3.91 Acres 2 Pad Sites Available

ZONING

Industrial/General Commercial

PROPERTY HIGHLIGHTS

2 pad sites and junior box opportunities

Full access on Main St. with great visibility

±28,380 vehicles per day on Main St.

Adjacent to Chick-Fil-A, Walmart Supercenter, Target, Lowes, and many other national retailers

In the center of a trade area that pulls from surrounding small towns

5 minutes from schools serving preschool to college students

ZONING

GC, General Commercial

PROPERTY HIGHLIGHTS

High-volume intersection almost 38,200 cars per day on E. Main St. and 11,670 on E. 30th St.

Box retailers, recreational uses, hospitality, multifamily

Join area retailers: Walgreens, Home Depot, TJ Maxx, Best Buy, Petco, Safeway, Hobby Lobby and many others

Signalized intersection

Full right-in, right-out and left-in, left-out access

Main Street is the primary road through Farmington connecting east to west from Aztec to Shiprock via Farmington.

Amenities

* Excellent ingress/egress along W. Main Street

* Acreage for one acre pads up front along W. Main.

* Land for truck parking, loading, unloading or equipment yard.

Contact broker about ground lease options.

This property also is available for lease.

Almost half of the building is under a long-term lease to the world’s largest integrated provider of products and services for individuals undergoing kidney dialysis.

Rent escalations begin early in the lease term.

Based on the current income stream and projected rental rates for the remaining spaces, a cap rate of 8.00% seems reasonable.

All connections have been installed in the building for water, gas, electricity, and sewer.

The entire building is insulated.

A storm drainage system and 8-inch sewer main is installed.

• Junior anchor space available adjacent to Planet Fitness

• New development situated at the Main River Crossing and highest traffic intersection in Farmington – 60,000 VPD

• Largest retail services concentration in the Four Corners – trade area reach in excess of 300,000 people

• Space adjacent to new 100,000+ SF K-Mart redevelopment project

• Drive-thru permissive end-cap available

- Farmington has higher retail sales per capita than any other city in New Mexico.

- Anchored by Staples, Hobby Lobby, Stage, Dollar General, Harbor Freight Tools and Shamrock Foods.

- 4 electronic reader boards.

- Adjacent to Home Depot, Safeway, TJ Maxx and Best Buy.

- Farmington features two Wal-Mart Supercenters and a regional mall.

910 SF - 8,856 SF of space is available. Estimate of $1.25/SF for NNN charges at San Juan North and $1.97/SF at San Juan Plaza.

Freestanding building on Main Street

Over 270’ of frontage on Main Street, the retail arterial in Farmington, with exposure to over 17,000 VPD

Numerous access points - right-in/right-out on E Main St. and full access on Industrial Ave.

Large pylon, monument and building signage available

Over 120,000 in the trade area - Farmington serves numerous surrounding communities and Indian Reservations

Competitive lease rate

• Premium regional anchor position opportunity at the Animas Valley Mall.

• Animas Valley Mall has nearly 60 retailers and 490,000 SF, drawing traffic from

the Four Corners region which includes Colorado, Arizona and Utah.

• Located in the highest density retail corridor of Farmington.

• Exterior and mall entrances.

• Excellent visibility and strong traffic count along U.S. Highway 550 with 41,849 VPD.

• Multiple access points and ample parking.

• Loading area with three dock-high loading doors.

• Former auto center features three double grade-level roll-up doors and one single grade-level roll-up door.

• Animas Valley Mall serves the Four Corners market of New Mexico, Colorado,

Arizona and Utah.

• Serves a trade area of more than 150,000 people and is the only Regional Mall

within a 160-mile radius

Prominent retail heated shell space facing E. Main Street.

26' frontage.

Head in parking.

Storefront signage and pylon signage

Well located along a major arterial between Bloomfield & Farmington

Excellent visibility

10,000 +/- /rsf average floor plates

Ability to lease space within a single building or the entire campus

Well designed floor plans with ample conference room space

Readily divisible

10.23/1000 Parking ratio

Monument & Building Signage Available

Existing furniture could be in play

Readily divisible

- New development situated at the Main River Crossing and highest traffic intersection in Farmington – 60,000 VPD

- Largest retail services concentration in the Four Corners – trade area reach in excess of 300,000 people

- Space adjacent to new 100,000+ SF K-Mart redevelopment project

- Drive-thru permissive end-cap available

- Shop space delivering Q2 2020