814 N Riverside Dr - Fast Food FOR SALE


Espanola, NM 87532
$2,000,000 USD
425-829-9091
814 N Riverside Dr, Espanola, NM for Sale
$2,000,000 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

814 N Riverside Dr
Espanola, NM 87532


HIGHLIGHTS

  • New 15 Year Absolute NNN Lease signed at Close of Escrow
  • 130+ Stores Guarantee the Subject Property Lease - 2023 KFC Franchisee of the Year
  • Above National KFC Average Sales Volume - 6% Rent vs Sales Ratio

OVERVIEW

The subject property is located at 814 North Riverside Drive in Espanola NM which is 25 miles north of Santa Fe NM. This investment is a new Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation which won 2023 Franchisee of the Year honors. The store sales are well above national KFC AUV. The Subject Property Lease is guaranteed by 130+ Stores. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$717 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Commercial

APN/PARCEL ID

1-047-121-256024

ASK ABOUT THIS PROPERTY

Aaron HinesMarcus & MillichapMore Info
425-829-9091

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Aaron HinesMarcus & MillichapMore Info
425-829-9091

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