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IHOP Restaurant 813 E Pine St

4,010 SF Retail Building Deming, NM 88030 $1,061,685 CAD ($265 CAD/SF) 8.81% Cap Rate

Restaurants New Mexico Deming 813 E Pine St, Deming, NM 88030

Investment Highlights

  • ±4,010 SF building on ±42,372 SF of fee simple land
  • High traffic counts on Interstate 10 - approx. 16,764 VPD
  • Operated as an IHOP by a multi-unit franchisee

Executive Summary

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.

Attachments

813 E Pine Street Deming NM - OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,010 SF
Year Built
2013
Price
$1,061,685 CAD
Price Per SF
$265 CAD
Cap Rate
8.81%
NOI
$93,534 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.99 AC

Links

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Nearby Major Retailers

IHOP
Denny's
Blake's Lotaburger

PROPERTY TAXES

Parcel Number 3050137469495 Improvements Assessment $155,694 CAD
Land Assessment $77,768 CAD Total Assessment $233,462 CAD

PROPERTY TAXES

Parcel Number
3050137469495
Land Assessment
$77,768 CAD
Improvements Assessment
$155,694 CAD
Total Assessment
$233,462 CAD
(213) 618-3824

Contacts

  • Listing ID: 31054824

  • Date on Market: 2024-02-26

  • Last Updated:

  • Address: 813 E Pine St, Deming, NM 88030

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IHOP Restaurant | 813 E Pine St
(213) 618-3824 x

IHOP Restaurant | 813 E Pine St

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Christopher Maling

(213) 618-3824

(213) 618-3824

David Maling

(213) 453-1770

(213) 453-1770

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