This Artesia shopping center is nearly fully occupied with very stable tenants. The anchor tenant is a Dollar store. Most tenants have been there for years. The property is showing a Net Income of approximately $50,000 per year. An appraisal done in recent years gives a Cap rate of 9.5% The property is on a high traffic street with excellent parking. If you are looking for a great investment in a booming town, this one is hard to beat. Call for you private showing today!
Listing courtesy of BERKSHIRE HATHAWAY HOME SERVICES ENCHANTED LANDS - ARTESIA.