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KFC 814 N Riverside Dr

2,791 SF Retail Building Espanola, NM 87532 $2,000,000 ($717/SF) 6% Cap Rate

Retail Space New Mexico Espanola 814 N Riverside Dr, Espanola, NM 87532

Investment Highlights

  • New 15 Year Absolute NNN Lease signed at Close of Escrow
  • Above National KFC Average Sales Volume - 6% Rent vs Sales Ratio
  • 130+ Stores Guarantee the Subject Property Lease - 2023 KFC Franchisee of the Year

Executive Summary

The subject property is located at 814 North Riverside Drive in Espanola NM which is 25 miles north of Santa Fe NM. This investment is a new Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation which won 2023 Franchisee of the Year honors. The store sales are well above national KFC AUV. The Subject Property Lease is guaranteed by 130+ Stores. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

Attachments

KFC Espanola NM - OM September 2024

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,791 SF
Building Class
C
Year Built/Renovated
1990/2023
Price
$2,000,000
Price Per SF
$717
Cap Rate
6%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.50 AC
Zoning
Commercial
Parking
80 Spaces (28.66 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Drive Thru
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 1-047-121-256024
  • 1-047-119-392506
 Improvements Assessment $202,352
Land Assessment $226,465 Total Assessment $428,817

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1-047-121-256024
  • 1-047-119-392506
Land Assessment
$226,465
Improvements Assessment
$202,352
Total Assessment
$428,817
(425) 829-9091

  • Listing ID: 33447930

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 814 N Riverside Dr, Espanola, NM 87532

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Subject Property 3
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814 N Riverside Dr, Espanola, NM for sale Building Photo- Image 3 of 4
Subject Property

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KFC | 814 N Riverside Dr
(425) 829-9091 x

KFC | 814 N Riverside Dr

Aaron Hines

(425) 829-9091

(425) 829-9091

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