IHOP
Las Cruces, New Mexico
Building
Stats
- Property Type Retail - Street Retail
- Year built 1994
- Building Size (SF) 5,175
- Land Size (SF) 46,541
- Price $1,895,000
Overview
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 2900 North Telshor Boulevard in Las Cruces, New Mexico. The subject property is located off of Interstate 25 and Highway 70, in an area with a high density of hotels and National Credit Tenant retailers. 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
±5,175 SF building on ±46,541 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 immediately off of Interstate 25 and Highway 70 (approx. 32,00 VPD)
Ample parking
Excellent location surrounded by synergistic national retailers such as: Sam’s Club, Starbuck’s, AT&T, Coldstone, Kohl’s, and Lowe’s
In close proximity to a Holiday Inn, Motel 6, Marriot, and Hilton Hotel
