IHOP
Deming, New Mexico
Building
Stats
- Property Type Retail - Street Retail
- Year Built 2013
- Building Size (SF) 4,010
- Land Area (SF) 42,372
- Price $749,000
Overview
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 813 East Pine Street in Deming, New Mexico. The subject property is located in a popular shopping plaza immediately off of Interstate 10 and Highway 180, 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.
Highlights
±4,010 SF building on ±42,372 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 in popular shopping center immediately off of Interstate 10 and Highway 180
High traffic counts on Interstate 10 - approx. 16,764 VPD
Excellent location surrounded by synergistic national retailers, such as: T-Mobile, Auto Zone, Wendy’s, Walmart, Subway, Dollar Tree, KFC, Verizon, O’Reilly Auto Parts, Tractor Supply and Burger King
