813 E Pine St - Restaurant FOR SALE


Deming, NM 88030
$749,000 USD
213-618-3824
813 E Pine St, Deming, NM for Sale
$749,000 USD
Restaurant - FOR SALE
1/5
null | 8.81% Cap Rate

813 E Pine St
Deming, NM 88030


HIGHLIGHTS

  • ±4,010 SF building on ±42,372 SF of fee simple land
  • Operated as an IHOP by a multi-unit franchisee
  • High traffic counts on Interstate 10 - approx. 16,764 VPD

OVERVIEW

Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 813 East Pine Street in Deming, New Mexico. The subject property is located in a popular shopping plaza immediately off of Interstate 10 and Highway 180, 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.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

8.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,253 SF

ZONING

-

APN/PARCEL ID

3050137469495

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.