IHOP
Los Lunas, New Mexico
Building
Stats
- Property Type Retail - Street Retail
- Year built 2014
- Building size (SF) 4,010
- Land Size (SF) 42,732
- Price $1,525,000
Overview
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 occupied by a reputable national tenant.
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 ±42,732 SF of fee simple land
Occupied by national tenant, IHOP
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)
