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Arby's 1711 7th St 2,500 SF Retail Building Las Vegas, NM 87701 $1,000,000 ($400/SF) 5.46% Cap Rate
Investment Highlights
- Long-Term Lease Term
- Signalized Hard Corner Location
- Scheduled Rent Growth
- Passive Ownership Structure
- National Retail Presence
- Established Operating Location
Executive Summary
Surmount is pleased to present the exclusive listing for an Arby's located at 1711 7th Street, Las Vegas, NM 87701. The site consists of roughly 2,500 rentable square feet of building space on an estimated 1-acre parcel of land. Arby's is subject to a 15-year Triple Net (NNN) lease, which commenced 2/17/2016. The current annual rent is $54,647 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Year Built
1991
Price
$1,000,000
Price Per SF
$400
Cap Rate
5.46%
NOI
$54,647
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
128’ on 7th St
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 654890 | Improvements Assessment | $79,955 |
| Land Assessment | $93,238 | Total Assessment | $173,193 |
Property Taxes
Parcel Number
654890
Land Assessment
$93,238
Improvements Assessment
$79,955
Total Assessment
$173,193
Contacts
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Jonathan Eckerd -
Cassandra Mosser -
Waylan Heers -
Glen Kunofsky -
Christopher Marks -
Surmount
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