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Arby's 1711 7th St 2,500 SF Retail Building Las Vegas, NM 87701 $1,415,730 CAD ($566.29 CAD/SF) 5.46% Cap Rate
Investment Highlights
- Long-Term Lease Term
- Signalized Hard Corner Location
- Scheduled Rent Growth
- Passive Ownership Structure
- National Retail Presence
- Established Operating Location
Executive Summary
Surmount is pleased to present the exclusive listing for an Arby's located at 1711 7th Street, Las Vegas, NM 87701. The site consists of roughly 2,500 rentable square feet of building space on an estimated 1-acre parcel of land. Arby's is subject to a 15-year Triple Net (NNN) lease, which commenced 2/17/2016. The current annual rent is $54,647 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,500 SF
Year Built
1991
Price
$1,415,730 CAD
Price Per SF
$566.29 CAD
Cap Rate
5.46%
NOI
$77,365 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
128’ on 7th St
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 654890 | Improvements Assessment | $113,331 CAD |
| Land Assessment | $132,158 CAD | Total Assessment | $245,489 CAD |
Property Taxes
Parcel Number
654890
Land Assessment
$132,158 CAD
Improvements Assessment
$113,331 CAD
Total Assessment
$245,489 CAD
Contacts
-
Jonathan Eckerd -
Cassandra Mosser -
Waylan Heers -
Glen Kunofsky -
Christopher Marks -
Surmount
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Arby's | 1711 7th St
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