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13729809
21150312

601 Silkey Way, Española, NM 87532

MR
NM NM 19679
Western States Commercial Real Estate
Listed by Western States Commercial Real Estate
$640,000
934 days on market
Updated 72 days ago

Standalone QSR with Drive-Thru

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,200
Cap Rate 7.5%
NOI $48,000
Occupancy 100%
Tenancy Single
Brand/Tenant Los Victor's Mexican Food
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 03/31/2033
Remaining Term 6.8
Lease Options 2x5
Price per SqFt $533
Class A
Buildings 1
Stories 1
Acreage 0.660
Lease Commencement 04/01/2023

7.5 CAP | Newer Build | QSR with Drive-Thru

Marketing description

Looking for a prime investment opportunity in Espanola, NM? Look no further than this Standalone QSR with Drive-Thru located at 601 Silkey Way. This recently completed building boasts a fast-food build-out with a convenient drive-thru, making it an ideal location for a quick-service restaurant. With a strong traffic count of over 26,000 cars per day and high visibility on N. Riverside Dr., this property offers excellent exposure for any business. The 1,200 SF building sits on a spacious 0.66 AC lot, providing ample parking options for customers. Currently leased to Los Victor's Mexican Food, a successful fast food Mexican restaurant with multiple locations in New Mexico, Texas, and Wisconsin, this property offers a secure and steady income stream. The lease terms include a rent schedule with the potential for growth over the next ten years. Don't miss out on this lucrative investment opportunity.

Listing Contacts

MR
NM NM 19679
Western States Commercial Real Estate
Listed by Western States Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$48,000.00
$4,000.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
MICHAEL RENEAU
License
NM 19679
Brokerage
Western States Commercial Real Estate
Title
Qualifying Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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