Published on: Thursday, October 31, 2024
Updated on: Thursday, October 31, 2024
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About the Lister
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Name: Chris Maling
Company: Avison Young
Office Phone: +1 213.618.3824
Cell Phone: +1 213.364.7222
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  "Prime IHOP Investment on Fee Simple Land in Los Lunas
1580 Main St NW Los Lunas New Mexico , 87031
1580 Main St NW Los Lunas New Mexico , 87031Avison Young
Listing ID: CL-New Mexico-12647

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 9.02
Net Operating Income: $137,500
Commission Split (%): 0
Quick Glance
Listing ID: CL-New Mexico-12647
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2014
Building Size: 4,010.00 SqFt
Lot Size: 4,010.00 Acre
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing 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.
Complete Details
Year Build: 2014
Building Size: 4,010 SqFt.
No of Stories: 1
Total Lot Area: 4010 Acre
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
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 in a 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 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.
Additional Properties
Property Tenants
  • IHOP
  • Lease Type NNN
Property Highlights
  • ±4,010 SF building on ±42,732 SF of fee simple land
  • Operated as an IHOP by a multi-unit franchisee
  • 14 years remaining on lease, and two five-year options
  • Outparcel to a Home Depot & Lowes anchored power center
  • Close proximity to synergistic National Retailers such as McDonald’s Del Taco, Wendy’s, Burger King, Jersey Mike’s, Subway, Applebee’s, T-Mobile, Auto Zone, and Starbucks
  • Situated on heavily trafficked Main Street/Highway 6 (21,760 VPD)
Listing Location
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