Farmington, NM – [August 13, 2021] – Blue West Capital has completed the sale of a value-add Starbucks anchored shopping center located at 4337 East Main Street, Farmington, NM. Robert Edwards, of Blue West Capital, represented the buyer in the transaction. The buyer was a private real estate investor, and a repeat client, based out of Northern Colorado. The seller was a private New Mexico-based investor.
Starbucks Shops at Largo Square consists of 9,000 square feet and is leased to Starbucks, Smiles 4 Kids, Unique Spa, Pelle Spa, and American Home Furniture & Mattress. The property is shadow anchored by Animas Valley Mall and sits on the busy hard corner of East Main Street and Largo Street.
“Starbucks Shops at Largo Square is a rare commercial real estate investment opportunity as it features value-add components with stable income. Owning a net lease Starbucks’s drive-thru is also highly desirable as it is pandemic resistant and generates tenant synergies within the already vibrant center. Overall, it was a very successful transaction for my client” said Robert Edwards, Managing Partner.