Catylist ID:
#30757327
| Catylist Listing ID: | 30757327 |
| Property Subtypes: | Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station, Other |
| Building Size (RSF): | 3,100 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $2,500,000 |
| Unit Price: | $806.45 PSF |
| Property Use Type: | Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/30/2021 |
Overview / Comments
|
Meticulously maintained restaurant and convenience store/mini mart with a net income that grew 20% from 2018 to 2019. And grew 30% from 2019 to 2020. Offering a meticulously maintained restaurant and convenience store/mini mart with 300 feet of commercial frontage and three year average owners earnings at $236,845.85. Sitting on 2.78 acres gives you plenty of room to expand the business. And the ease of working with Rio Arriba County, the possibilities are endless for this property. With 6 ski basins less than 68 miles away, including the world class Taos Ski Valley (50 miles away), the winter activities are endless. In summer months, activities include mountain biking, swimming , kayaking. Or enjoy a guided tour from one of the five rafting companies within a 50 mile radius. As well as “lazy river” parts of the Rio Grande, it’s also home to the nationally famous section known as “the box”. Summer activities are usually less than 50 miles away. The store carries a wide variety of coffee, liquor, cigarettes, tobacco, lottery tickets, and other mini mart items. The restaurant offers green chili cheese burgers, tacos, pizzas, and breakfast burritos just to name a few. This business is the go-to convenience store/mini mart for tourists and locals alike. The subject property is located on Hwy 68, the main highway that connects Santa Fe and Taos. Sales have consistently increased year over year and even during Covid restrictions. The roof was redone with a full remodel that included raising the height of the ceiling in 2010. The interior of the convenience store was remodeled in 2020. New blowers for the walk-in refrigerator were installed in 2020. Gas pumps were replaced in 2015. The property has a total of 32 cameras all over including a fish eye in the store itself. The property includes a turn key commercial kitchen. Including but not limited to a walk in freezer, fryer, grill, pizza oven, and prep area. |
Attachments & Media
Additional Details
| Nearest MSA: | Espa |
| County: | Rio Arriba |
| Tax ID/APN: | 1052132412145 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: | Española and Taos |
| Property Visibility: | Excellent |
| Largest Nearby Street: | NM US 68 |
| Feet of Frontage: | 300 |
| Traffic/Vehicle Count: | 15,000 |
| Highway Access: | Highway 68 frontage. |
| Property Condition: | Excellent |
| Year Renovated: | 2020 |
| Parking Type: | Surface |
| Parking Description: | Paved in front of entrance of store. Large dirt lot aside the building for semis or trailers. |
Demographic Statistics
| Proximity: | 5 miles |
|---|---|
| Total Population: | 5,783 |
| Median Age: | 39.15 |
| Households: | 2,313 |
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