Available For Sale - Retail

4,993 SF | Show Pricing $

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LISTED BY

Chris Maling
Avison Young, 213-618-3824
David Maling
Avison Young, 213-618-3825
Tom Jones
Colliers International, 505-880-2063

AVAILABILITY DETAILS

Size
4,993 SF
Price/SF
Show Pricing $
Listing ID
SA533472
Notes
Investment Highlights:

OVERVIEW

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.



Highlights

• ±4,993 SF building on ±39,000

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 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
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Maling, Avison Young