IHOP | 105 S First St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
IHOP 105 S First St
5,580 SF Retail Building Artesia, NM 88210 $1,040,000 ($186/SF) 8.99% Cap Rate
Investment Highlights
- ±4,010 SF building on ±27,500 SF of fee simple land
- Located at the intersection of two major thoroughfares in New Mexico
- Operated as an IHOP by a multi-unit franchisee
Executive Summary
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 105 South First Street in Artesia, New Mexico. The subject property is located at the intersection of Highway 82 and Highway 285, two main thoroughfares in New Mexico. IHOP currently has 14 years remaining on the lease with two, five-year options to exercise. This is an excellent opportunity to acquire a stable investment operated by a multi-unit franchisee. This location is currently part of a five-property portfolio. All five IHOP locations are for sale and can be purchased as a portfolio if desired. Contact brokers for more information.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,580 SF
Building Class
B
Year Built
2013
Price
$1,040,000
Price Per SF
$186
Cap Rate
8.99%
NOI
$93,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.51 AC
Nearby Major Retailers
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
IHOP | 105 S First St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.