Price Upon Request
Commercial Property for Sale in South Holland Illinois 60473
South Holland, Illinois
Soft OfferCommercial Property for Sale in Carlsbad New Mexico 88220
2529 S Canal St, Carlsbad, New Mexico 88220
$2,590,000
$519 / sq ft 9% cap rate Listed Nov 4, 2024
4,993 sqft
Building
4,993 sqft
Lot
2011
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in Carlsbad New Mexico 88220 is a retail for sale in Carlsbad, New Mexico, listed at $2,590,000. Key details: year built 2011, building size 4,993 sqft, lot size 4,993 sqft, stories 1. Listed by Chris Maling of Avison Young on LoopingCloud and last updated November 4, 2024.
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 2529 South Canal Street in Carlsbad, New Mexico. The subject property is located near the intersection of Highway 285 and Highway 62, in an area with a high density of hotels and inns. 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
- Net Lease Investment
- 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
- 2011
- Building Size
- 4,993 sqft
- Lot Size
- 4,993 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $233,200
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
9%
Cap rate
$233,200
Net operating income
$519
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,590,000 | 9% | - | - | - |
Features and amenities
Prominent Tenants
- 14 years remaining on lease, and two five-year options
- Lease Type NNN
Property Features
- ±4,993 SF building on ±39,000 SF of fee simple land
Highlights
- Operated as an IHOP by a multi-unit franchisee
- Located within two (2) miles over 15 hotels, motels, and inns including a Fairfield Inn, Best Western, La Quinta Inn, Residence Inn Hotel & Hampton Inn
- Excellent location surrounded by synergistic national retailers such as: Walmart, Verizon, Subway, and Sally’s Beauty
Location
Address as shown by the lister.
Get directionsAbout this area - Carlsbad
- Population
- 33,143
- Housing units
- 14,491
- Land area
- 1,777.5 sq mi
- County
- Eddy
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
Frequently asked questions
What is the asking price of Commercial Property for Sale in Carlsbad New Mexico 88220?
Commercial Property for Sale in Carlsbad New Mexico 88220 is listed at $2,590,000. That works out to about $519 per square foot. The stated cap rate is 9%.
Where is Commercial Property for Sale in Carlsbad New Mexico 88220 located?
The property is in 2529 S Canal St, Carlsbad, New Mexico 88220, Eddy 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 4,993 sqft. The lot is 4,993 sqft.
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 November 4, 2024 and last updated on November 4, 2024.
Listing information
- Listing ID
- CL-New Mexico-12684
- Published
- Nov 4, 2024
- Last updated
- Nov 4, 2024
- Views
- 376
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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