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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  IHOP Investment Opportunity!
2900 N Telshor Blvd Las Cruces New Mexico , 88011
2900 N Telshor Blvd Las Cruces New Mexico , 88011Avison Young
Listing ID: CL-New Mexico-12650

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 9
Net Operating Income: $170,500
Commission Split (%): 0
Quick Glance
Listing ID: CL-New Mexico-12650
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1994
Building Size: 5,175.00 SqFt
Lot Size: 46,541.00 SqFt.
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 2900 North Telshor Boulevard in Las Cruces, New Mexico.
Complete Details
Year Build: 1994
Building Size: 5,175 SqFt.
No of Stories: 1
Total Lot Area: 46541 SqFt.
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 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.
Additional Properties
Property Tenants
  • Absolute NNN
  • IHOP
Property Highlights
  • ±5,175 SF building on ±46,541 SF of fee simple land
  • Operated as an IHOP by a multi-unit franchisee
  • 14 years remaining on lease, and two five-year options
  • Located immediately off of Interstate 25 and Highway 70 (approx. 32,00 VPD)
  • Excellent location surrounded by synergistic national retailers such as: Sam’s Club, Starbucks,AT&T, Coldstone, Kohl’s, and Lowe’s In close proximity to a Holiday Inn, Motel 6, Marriot, and Hilton Hotel
Features
  • Ample parking
Listing Location
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