360 Sudderth Dr | Ruidoso, NM 88345
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360 Sudderth Dr
Ruidoso, NM 88345
R.Greenleaf-STNL Cannabis-NNN-10 YR Lease · Retail Property For Sale
Investment Highlights
- Strong corporate guaranteed lease / Medicine Man Technologies, INC. (SCHWAZZE) (OTCQX : SHWZ) (NEO : SHWZ) | 2022 revenue: $160M
- Fixed 10% rental increases every 5 years including the option periods
- New Mexico cannabis sales | Monthly sales of over $32M in March of 2023
- New long term 10-year lease plus multiple options to renew | 2 (5-YR) options to renew lease for a potential 20 years total term
- NNN Lease / Ease of management
- Located on major retail corridor | Proximity to Denny’s, Sonic Drive-In, KFC, McDonald’s, Taco Bell, and Subway
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1972
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.23 AC
Zoning
C2 - Commercial
Parking
21 Spaces
Frontage
96 FT on Sudderth Drive
PROPERTY TAXES
| Parcel Number | 4074065167404000000 | Improvements Assessment | $72,702 |
| Land Assessment | $20,278 | Total Assessment | $92,980 |
PROPERTY TAXES
Parcel Number
4074065167404000000
Land Assessment
$20,278
Improvements Assessment
$72,702
Total Assessment
$92,980
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