About This Restaurant
Investment Highlights
Opportunity for significant amount of additional income through percentage rent. 12 years remaining on absolute NNN lease with a successful Burger King franchisee. Well-located property featuring a 3,600 square foot building on a 0.62-acre lot. Highly visible location, offering convenience and accessibility for customers.
Executive Summary
This Burger King property is located in the thriving city of Las Vegas, New Mexico. This property presents an attractive investment opportunity with a nationally recognized tenant - Burger King, a leading quick-service restaurant chain. Situated on 0.62-acre lot, this property boasts a well-maintained building spanning 3,600 square feet, strategically positioned in a high-visibility location. There are currently 12 years remaining on the absolute NNN Lease.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,600
- Building Class B
- Year Built 2016
- Price 1,335,722
- Price Per SF 371
- Cap Rate 6.50
- NOI 86,822
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.13
- Land Acres 0.61 AC
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 660034 | Improvements Assessment | $31,320 |
| Land Assessment | $112,135 | Total Assessment | $143,455 |
| Date Created: | 2024-07-16 04:17:59 | Last Updated: | 2024-07-16 04:17:59 |
| Address: | 1335 Grand Ave , Las Vegas, New Mexico, 87701 | ||