Price Upon Request
Commercial Property for Sale in South Holland Illinois 60473
South Holland, Illinois
Soft OfferLand for Sale in Los Lunas New Mexico 87031
1580 Main St NW, Los Lunas, New Mexico 87031
$1,525,000
$380 / sq ft 9.02% cap rate Listed Oct 31, 2024
4,010 sqft
Building
4,010 acres
Lot
2014
Built
1
Stories
1
Units
Class B
Class
About this property
Land for Sale in Los Lunas New Mexico 87031 is a retail for sale in Los Lunas, New Mexico, listed at $1,525,000. Key details: year built 2014, building size 4,010 sqft, lot size 4,010 acres, stories 1. Listed by Chris Maling of Avison Young on LoopingCloud and last updated October 31, 2024.
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.
Key highlights
- IHOP
- Lease Type NNN
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2014
- Building Size
- 4,010 sqft
- Lot Size
- 4,010 acres
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $137,500
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
9.02%
Cap rate
$137,500
Net operating income
$380
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,525,000 | 9.02% | - | - | - |
| Purchase Only | $1,525,000 | 9.02% | - | - | - |
Features and amenities
Prominent Tenants
- IHOP
- Lease Type NNN
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)
Location
Address as shown by the lister.
Get directionsAbout this area - Los Lunas
- Population
- 35,958
- Housing units
- 12,614
- Land area
- 166.1 sq mi
- County
- Valencia
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Links
1 linkFrequently asked questions
What is the asking price of Land for Sale in Los Lunas New Mexico 87031?
Land for Sale in Los Lunas New Mexico 87031 is listed at $1,525,000. That works out to about $380 per square foot. The stated cap rate is 9.02%.
Where is Land for Sale in Los Lunas New Mexico 87031 located?
The property is in 1580 Main St NW, Los Lunas, New Mexico 87031, Valencia County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 4,010 sqft. The lot is 4,010 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Chris Maling of Avison Young listed this property. Use the Request Info button to send a message or call +1 (213) 618-3824.
When was this listing published?
It was published on October 31, 2024 and last updated on October 31, 2024.
Listing information
- Listing ID
- CL-New Mexico-12647
- Published
- Oct 31, 2024
- Last updated
- Oct 31, 2024
- Views
- 274
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