Active
Single Tenant Absolute Net — Applebee's Grill + Bar
135 US-550 Bernalillo, NM 87004
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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.
Attachments
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