Price Reduced– Excellent location restaurant

Retail-Commercial for Sale
Catylist Listing ID: 29946527
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 5,287 SF
Gross Building Area: See Agent
Gross Land Area: 0.74 Acres
Sale Price: $669,000
Unit Price: $126.54 PSF
Property Use Type: Investment
Building Name: Mariscos
Sale Terms: Cash to Seller
Cap Rate: 6.4%
Average Occupancy Rate: 100
Last Updated: 7/23/2018

Overview / Comments

3/4 acre lot with restaurant on Riverside Dr near the intersection of Fairview. Existing tenant is established restaurant with lease until 2020. Traffic counts of over 37,000 cars per day on Riverside. Annual NOI of $36,667 is 5.2% CAP

Attachments & Media

Financials

Finance Data Year 2014
Real Estate Taxes - Annual($) $6,614 (Annual)
Tax Value Land $240,013
Tax Value Improvements $456,497
Assessed Value - Total($) $696,510 (Annual)
Potential Rental Income $49,200 (Annual)
Gross Operating Income $49,200 (Annual)
Net Operating Income $42,585 (Annual)

Current Tenants

Tenant Business Name Mariscos La Playa
Is Renting? Yes
Annual Revenue $49,200 (Annual)
Current Rent $4,100 PSF (Annual)
Escalations none

Additional Details

Nearest MSA: Espa├▒ola
County: Rio Arriba
Taxing Authority: Rio Arriba County
Zoning: COMMERCIAL
Retail Clientele: General, Family, Traveler, Recreation, Casino, Other
Property Visibility: Excellent
Largest Nearby Street: Riverside
Traffic/Vehicle Count: 37,000
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Roof Type: Flat
Parking Description: 86 parking spaces

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

Doug B Roberts, CCIM

dRoberts Realty LLC
CARNM CIE Member
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