New Construction Absolute Net Denny's | 20 Year Term | Espanola NM

Retail-Commercial for Sale
Catylist Listing ID: 30541363
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 4,503 SF
Gross Building Area: See Agent
Gross Land Area: 0.85 Acres
Sale Price: $3,431,609
Unit Price: $762.07 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 5.25%
Last Updated: 6/29/2020

Overview / Comments

• BRAND NEW CONSTRUCTION
• LATEST DENNY’S PROTOTYPE
• BRAND NEW 20-YEAR LEASE
• ABSOLUTE TRIPLE-NET
• ZERO LANDLORD RESPONSIBILITIES
• LOCATED ON MAIN RETAIL CORRIDOR
• STRONG TRAFFIC COUNTS – OVER 26,000 VEHICLES PER DAY
• LARGE LOT SIZE - CORNER LOT
• DIRECTLY ACROSS NEWLY REMODELED WALMART SHOPPING CENTER
• DIRECTLY ACROSS LOWE’S HOME IMPROVEMENT ANCHORED CENTER
• ADJACENT TO NEWLY BUILT DEL TACO
• SANTE FE MSA
• 2019 COUNTY OF RIO ARRIBA TO ISSUE A $30 MILLION BOND FOR
ADDITIONAL COUNTY IMPROVEMENTS AND IMPROVING ROAD
SYSTEMS

Attachments & Media

Additional Details

Nearest MSA: Espa
County: Rio Arriba

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,098 15,252 20,432
Median Age: 35.4 37 37.49
Households: 1,982 5,984 7,914

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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