1580 Main St

Investment Highlights

?4,010 SF building on ?42,732 SF of fee simple land 14 years remaining on lease, and two five-year options Occupied by national tenant, IHOP Situated on heavily trafficked Main Street/Highway 6 (21,760 VPD)

Executive Summary

Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 1580 Main Street in Los Lunas, New Mexico. The subject property is located ina popular shopping center off of Interstate 25 and Highway 6, 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.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    4,200
• Building Class    B
• Year Built    2014
• Price    1,525,000
• Price Per SF    363
• Cap Rate    9.02
• NOI    137,500
• Tenancy    Single
• Building Height    1 Story
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.