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24198650
24198671

1414 E Pine St, Deming, NM 88030

MC
NM REC-2024-0242, TX TX 775014
Prime Capital Management, Inc.
Listed by Prime Capital Management, Inc.
$708,800
350 days on market
Updated 42 days ago

Corner QSR/Retail on High-Traffic Shopping Corridor

Details
APN 3050138242014
Property Type Industrial, Retail
Sub Type Flex, QSR/Fast Food (+1)
Square Footage 5,664
Units 2
Cap Rate 4.78%
NOI $33,898
Occupancy 58%
Tenancy Multi
Lease Type Gross
Lease Term 10
Lease Expiration 05/31/2030
Remaining Term 4.9
Rent Bumps Yes
Lease Options 1 - 120 month option
Pro-Forma Cap Rate 7.49%
Pro-Forma NOI $53,098
Price per SqFt $125
Broker Co-Op Yes
Class C
Buildings 2
Stories 1
Acreage 0.318
Zoning C
Parking Spaces 5 spaces
Parking Per SqFt 0.88
Investment Type Owner/User
Lease Commencement 06/01/2020
Ceiling Height 8'-12'

QSR/Retail w/Drive-thru & Flex Space | 4.78% CAP | 5,664 SF

Marketing description

Looking to start or add to your Real Estate Portfolio! Corner investment opportunity at 1414 E Pine St., Deming, NM is on the city’s main retail corridor along with Deming's (only) Walmart Supercenter, Harbor Freight, Dollar General, Wendy’s, IHOP, new Marshall's, and more! This 5,664 SF property includes 3,264 SF of QSR/restaurant space w/drive-thru and an additional 2,400 SF flex metal building consisting of three offices, 1 restroom, high ceilings, plenty of open area, and mezzanine for additional storage. This property is an ideal asset for savvy investors. Boasting excellent visibility on the highly-trafficked Pine St., the property ensures maximum exposure and accessibility for tenants and owner occupiers. The dynamic location is poised for growth, off I-10 between El Paso and Tucson with increasing commercial activity. This former national brand ice cream restaurant w/drive through is perfect for a variety of QSR and retail ventures. Don't miss the chance to secure a solid investment in a thriving market, offering both stability and upside potential.

Investment highlights

  • Prime location on main retail corridor

  • 3,264 SF QSR/retail w/drive-thru

  • 2,400 SF flex office/warehouse space with high ceilings

Listing Contacts

MC
NM REC-2024-0242, TX TX 775014
Prime Capital Management, Inc.
Listed by Prime Capital Management, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,898.00
$2,824.83/mo

Valuation Metrics

0
DSCR
4.78%
Cap Rate
4.78%
ROI

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Additional Information

Name
Michelle Casillas, CCIM
License
REC-2024-0242
Brokerage
Alderdale Group Inc.
Title
Qualifying Broker
Brokerage Address
2300 Montana Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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