Single Tenant NNN IHOP in Deming, NM

$749,000

813 East Pine Street, Deming, NM 88030

For Sale

Retail Restaurant

Active

Last Updated: 12/16/2024

Details:

Cap Rate: 8.8%

Building Size: 4,010 sqft

Occupancy: 100%

Class: B

Lease Type: Triple Net

Year Built: 2013

Tenancy: Single

Offered by

Chris Maling

Principal-Retail Capital Markets

Avison Young | Maling Barnes Team

#01025809

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David Maling

Principal

Avison Young | Maling Barnes Team

#01139115

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Highlights:

±4,010 SF building on ±42,372 SF of fee simple land
Operated as an IHOP by a multi-unit franchisee
Located in popular shopping center immediately off of Interstate 10 and Highway 180
High traffic counts on Interstate 10 - approx. 16,764 VPD

Description:

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 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.