Burger King | 1335 Grand Ave
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Burger King 1335 Grand Ave
3,600 SF Retail Building Las Vegas, NM 87701 £1,046,271 (£291/SF) 6.50% Net Initial Yield
Investment Highlights
- Opportunity for significant amount of additional income through percentage rent.
- 12 years remaining on absolute NNN lease with a successful Burger King franchisee.
- Well-located property featuring a 3,600 square foot building on a 0.62-acre lot.
- Highly visible location, offering convenience and accessibility for customers.
Executive Summary
This Burger King property is located in the thriving city of Las Vegas, New Mexico. This property presents an attractive investment opportunity with a nationally recognized tenant - Burger King, a leading quick-service restaurant chain. Situated on 0.62-acre lot, this property boasts a well-maintained building spanning 3,600 square feet, strategically positioned in a high-visibility location. There are currently 12 years remaining on the absolute NNN Lease.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,600 SF
Building Class
B
Year Built
2016
Price
£1,046,271
Price Per SF
£291
Net Initial Yield
6.50%
NOI
£68,008
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
0.61 AC
Zoning
C - Commercial
Parking
32 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
136 ft on North Grand Avenue
Amenities
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Burger King
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Burger King | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 660034 | Improvements Assessment | £124,605 |
| Land Assessment | £25,746 | Total Assessment | £150,351 |
PROPERTY TAXES
Parcel Number
660034
Land Assessment
£25,746
Improvements Assessment
£124,605
Total Assessment
£150,351
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Burger King | 1335 Grand Ave
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