Navajo Nation Ground Lease
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Summitrock Partners presents a 10-acre commercial development opportunity at the southeast corner of US Highway 491 and Uranium Boulevard in Shiprock, New Mexico. Featuring approximately 630 feet of highway frontage, strong visibility, and level topography, the property offers a prominent location for commercial development along an established, highly trafficked retail corridor in northwest New Mexico.
Water, sanitary sewer, and electric are available at the site. Permitted uses include a fueling station and convenience store, hotel, full-service restaurant, fast casual restaurant, automotive parts and supply store, medical office, and other retail. The property’s size and frontage offer flexibility for a variety of development concepts.
The property is offered through an assignment of a Navajo Nation ground lease for a $1.2 million fee. An attractive ground lease, which includes no annual rent for the first four years and a total rent amount of $430,000 for the full 25-year term, is currently in place.
Water, sanitary sewer, and electric are available at the site. Permitted uses include a fueling station and convenience store, hotel, full-service restaurant, fast casual restaurant, automotive parts and supply store, medical office, and other retail. The property’s size and frontage offer flexibility for a variety of development concepts.
The property is offered through an assignment of a Navajo Nation ground lease for a $1.2 million fee. An attractive ground lease, which includes no annual rent for the first four years and a total rent amount of $430,000 for the full 25-year term, is currently in place.
About the Business
Real Estate
- Owned or Leased
- Leased
Listing Info
- ID
- 2551616
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- 1
Listing ID: 2551616 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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