1580 Main St - Restaurant FOR SALE


Los Lunas, NM 87031
$1,525,000 USD
213-618-3824
1580 Main St, Los Lunas, NM for Sale
$1,525,000 USD
Restaurant - FOR SALE
1/19
null | 9.02% Cap Rate

1580 Main St
Los Lunas, NM 87031


HIGHLIGHTS

  • ±4,010 SF building on ±42,732 SF of fee simple land
  • Occupied by national tenant, IHOP
  • 14 years remaining on lease, and two five-year options
  • Situated on heavily trafficked Main Street/Highway 6 (21,760 VPD)

OVERVIEW

Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 1580 Main Street in Los Lunas, New Mexico. The subject property is located ina popular shopping center off of Interstate 25 and Highway 6, two main thoroughfares in New Mexico. IHOP currently has 14 years remaining on the lease with two, five-year options to exercise. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant. This location is currently part of a five-property portfolio. All five IHOP locations are for sale and can be purchased as a portfolio if desired. Contact brokers for more information.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,823 SF

ZONING

-

APN/PARCEL ID

1-008-039-349-101-000000

ASK ABOUT THIS PROPERTY

Christopher MalingAvison YoungMore Info
213-618-3824

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Christopher MalingAvison YoungMore Info
213-618-3824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.