Available For Sale - Retail

4,010 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
4,010 SF
Price/SF
Show Pricing $
Listing ID
SA533473
Notes
Investment summary

Overview

Avison Young is pleased to present the opportunity

to acquire the single-tenant IHOP on fee simple

land located at 105 South First Street in Artesia,

New Mexico. The subject property is located

at the intersection of Highway 82 and Highway

285, 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.



Highlights:

±4,010 SF building on ±27,500

SF of fee simple land

• Operated as an IHOP by a multi-unit franchisee

• 14 years remaining on lease, and

two five-year options

• Ample parking

• Located at intersection of two major

thoroughfares in New Mexico

• Excellent location with synergistic national

retailers in the immediate trade area, such as:

McDonald’s, Wells Fargo Bank, Sherman Williams

Paint, Wendy’s, Sonic, O’Reilly Auto Parts, Ashley

Furniture, Taco Bell, Burger King, and Subway
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