Corporate John John Silvers

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30675022
Property Subtypes: Free-Standing Building, Restaurant
Status: Pending/Contingent
Building Size (RSF): 2,500 SF
Gross Land Area: 17,000 SF
Sale Price: $540,000
Unit Price: $216 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Long John Silver's
Usable Size (USF): 2,500 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 1/25/2021

Overview / Comments

Long John Silver has been at this location since 1975! Remodel just completed in December 2020 with 11 years remaining on the absolute NNN lease. This is a corporate run store so no franchisee. This is a rare fine, NNN lease and lower price to entry. This won't last long!.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 101205715443120761
Zoning: MX-M - Mixed-use: Moderate Intensity
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Atrisco & 46th Street
Property Visibility: Excellent
Largest Nearby Street: Atrisco
Feet of Frontage: 98
Traffic/Vehicle Count: 21,300
Area Description: Located in a busy area with many large retailers such as Burlington, Conns and Harbor Freight.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1975
Year Renovated: 2020
Parking Type: Structure
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,477 130,638 250,887
Median Age: 34.73 33.1 33.45
Households: 5,609 48,137 94,859

Contact

Photograph of Listing Agent

Richard Hanna

Hanna Commercial, LLC CARNM CIE Member
Photograph of Listing Agent

Kristi McNair

Hanna Commercial, LLC CARNM CIE Member
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