1711 7th St - Fast Food FOR SALE


Las Vegas, NM 87701
$1,000,000 USD
480-252-0226
1711 7th St, Las Vegas, NM for Sale
$1,000,000 USD
Fast Food - FOR SALE
1/3
null | 5.46% Cap Rate

1711 7th St
Las Vegas, NM 87701


HIGHLIGHTS

  • Long-Term Lease Term
  • Passive Ownership Structure
  • Signalized Hard Corner Location
  • National Retail Presence
  • Scheduled Rent Growth
  • Established Operating Location

OVERVIEW

Surmount is pleased to present the exclusive listing for an Arby's located at 1711 7th Street, Las Vegas, NM 87701. The site consists of roughly 2,500 rentable square feet of building space on an estimated 1-acre parcel of land. Arby's is subject to a 15-year Triple Net (NNN) lease, which commenced 2/17/2016. The current annual rent is $54,647 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$400 USD /SF

CAP RATE

5.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

654890

ASK ABOUT THIS PROPERTY

Jonathan EckerdSurmountMore Info
480-252-0226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan EckerdSurmountMore Info
480-252-0226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.