About This Restaurant
Investment Highlights
?4,010 SF building on ?42,372 SF of fee simple land High traffic counts on Interstate 10 - approx. 16,764 VPD Operated as an IHOP by a multi-unit franchisee
Executive Summary
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 10and 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.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Restaurant
- Building Size 4,010
- Year Built 2013
- Price 749,000
- Price Per SF 187
- Cap Rate 8.81
- NOI 65,987
- Tenancy Single
- Building Height 1 Story
| Date Created: | 2024-07-16 04:17:59 | Last Updated: | 2024-07-16 04:17:59 |
| Address: | 813 E Pine St , Deming, New Mexico, 88030 | ||