2900 N Telshor Blvd

Investment Highlights

?5,175 SF building on ?46,541 SF of fee simple land Located immediately off of Interstate 25 and Highway 70 (approx. 32,00 VPD) Operated as an IHOP by a multi-unit franchisee Excellent location surrounded by synergistic national retailers

Executive Summary

Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 2900 North Telshor Boulevard in Las Cruces, New Mexico. The subject property is located off of Interstate 25 and Highway 70, in an area with a high density of hotels and National Credit Tenant retailers. 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 operated by a multi-unit franchisee. 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.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    5,276
• Building Class    B
• Year Built    1996
• Price    1,895,000
• Price Per SF    359
• Cap Rate    9
• NOI    170,550
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    1.07 AC

• Freeway Visibility