Active

Single Tenant Absolute Net — Applebee's Grill + Bar

135 US-550 Bernalillo, NM 87004

1 / 6

Overview

  • Prime Location: Situated in the bustling town of Bernalillo, NM, this Applebee’s enjoys high visibility and easy access from major thoroughfares, ensuring a steady stream of customers.
  • Strong Tenant: Applebee’s, a well-known and established brand in the casual dining industry, provides a reliable and recognizable tenant, enhancing the property’s investment stability.
  • Long-Term Lease: The property is secured by a long-term lease with built-in rental escalations, providing a predictable and growing income stream for investors.
  • High Traffic Area: Located near popular retail centers, entertainment venues, and residential neighborhoods, the restaurant benefits from substantial foot and vehicle traffic.
  • Modern Building: The property features a well-maintained, modern building with updated interiors and exteriors, minimizing immediate capital expenditure requirements for new owners
  • Economic Growth: Bernalillo is experiencing economic growth and development, contributing to increasing property values and potential appreciation for investors in the area.

For Sale

Investment
Retail

Secondary Uses: Free Standing, Restaurant

Sale Price
$1,860,000
Price Per SF
$338.2/SF
Investment
Yes
Cap Rate
5.5%
Net Operating Income
$102,300
Building Size
5,500 SF
Acres
1.3772 ac
Zoning
C-1
Tenant
Applebee's Grill + Bar
Vehicles Per Day
39,800 VPD
Average Occupancy Rate
100
Nearest Interstate
I-25 - 1 mi
Nearest Highway
550
County
Sandoval
Created
2024-08-08
Updated
2024-08-08
Listing ID
76e06b29

Contact Brokers