Commercial - Bayard, NM
Located on a high visibility corner at intersection of Hwy 180E and Hwy 356 this commercial building currently functions as a medical clinic supporting Bayard and surrounding mining district communities. The building was remodeled in 2011 from a bank building to medical offices and clinic spaces. There are more than 30 paved parking spaces including ADA designated spaces. A 23 KW photovoltaic inter-tie grid solar system was installed in 2017. Triple net lease expires in 12/31/2033. Tenant pays taxes, insurance, utilities and non-structural repairs. Annual rent income for 2024 (NOI) is $51,804. Rent escalation clause is 2.5%. Future annual rent projection for 2033 is $64,696.
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