Restaurants /NM /Eddy County /Carlsbad /2529 S Canal St
Restaurants /NM /Eddy County /Carlsbad /2529 S Canal St

2529 S Canal St - Restaurant FOR SALE


Carlsbad, NM 88220 | 
$2,915,000 USD
915-494-4689
2529 S Canal St, Carlsbad, NM for Sale
$2,915,000 USD
Restaurant - FOR SALE
1/20
null | 8% Cap Rate
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2529 S Canal St
Carlsbad, NM 88220

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HIGHLIGHTS

  • Zero landlord responsibilities.
  • Over twelve years of firm lease term remaining.
  • Contractual rent growth featuring ten percent rent bumps.
  • Personally guaranteed lease.
  • Same franchisee operator since 2011.
  • Traffic counts of 27,538 vehicles per day at the site.

OVERVIEW

IHOP® - Absolute NNN investment opportunity with over 12 years of firm term, 10% rent bumps in 2028 & 2033, and zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$2,915,000 USD

PRICE/SF

$584 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

4-157-129-518-320

ASK ABOUT THIS PROPERTY

Marisela Harper, CCIMCV Commercial, LLCMore Info
915-494-4689

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Marisela Harper, CCIMCV Commercial, LLCMore Info
915-494-4689

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

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