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1580 Main St

4,200 SF Retail Building Los Lunas, NM 87031 $2,161,566 CAD ($515 CAD/SF) 9.02% Cap Rate

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Investment Highlights

±4,010 SF building on ±42,732 SF of fee simple land
14 years remaining on lease, and two five-year options

Occupied by national tenant, IHOP
Situated on heavily trafficked Main Street/Highway 6 (21,760 VPD)

Executive Summary

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 ina 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.

1580 Main St Los Lunas NM - OM