IHOP Restaurant 813 E Pine St 4,010 SF Retail Building Deming, NM 88030 $749,000 ($186.78/SF) 8.81% Cap Rate
INVESTMENT HIGHLIGHTS
- ±4,010 SF building on ±42,372 SF of fee simple land
- High traffic counts on Interstate 10 - approx. 16,764 VPD
- Operated as an IHOP by a multi-unit franchisee
EXECUTIVE SUMMARY
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 813 East Pine Street in Deming, New Mexico. The subject property is located in a popular shopping plaza immediately off of Interstate 10
and Highway 180, 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.
and Highway 180, 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,010 SF
Year Built
2013
Price
$749,000
Price Per SF
$186.78
Cap Rate
8.81%
NOI
$65,987
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.99 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3050137469495 | Improvements Assessment | $111,149 |
| Land Assessment | $55,518 | Total Assessment | $166,667 |
