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HIGHLIGHTS
- Prominent hard-corner location with excellent visibility
- Fully equipped kitchen with two Type 1 hoods
- Tenant Improvement Allowance available for qualified tenants
- Dual access points from two major corridors
- Surrounded by national retailers and high traffic counts
- Ideal for fast-casual or sit-down restaurant concepts
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,938 SF | Negotiable | $31.35 CAD/SF/YR $2.61 CAD/SF/MO $92,113 CAD/YR $7,676 CAD/MO | Triple Net (NNN) |
1st Floor
Positioned at the high-visibility hard-corner intersection of W Main Street and W Broadway Blvd, this free-standing drive-thru restaurant offers a rare opportunity in the heart of Farmington’s thriving retail corridor. Formerly home to a successful pizza concept, the property is fully equipped with two Type 1 hoods, spacious kitchen and prep areas, and a large dining room, making it ideal for fast-casual or sit-down restaurant operations. The site benefits from dual street access, including full-turn ingress/egress on W Main and right-in/right-out plus left-in access from W Broadway. With traffic counts exceeding 15,000 VPD on W Main and 11,000 VPD on W Broadway, the location ensures consistent visibility and customer flow. The property is adjacent to a regional Super Walmart and surrounded by national retailers such as Taco Bell, Domino’s, AutoZone, and Safeway, reinforcing its position within a dense and active trade area. The landlord is offering a Tenant Improvement Allowance for qualified tenants, providing flexibility to customize the space to suit brand standards or operational needs. With a lease rate of $5,500/month NNN, this property presents a compelling opportunity for operators seeking a turnkey restaurant location in a growing market. Farmington’s population of over 120,000 and its proximity to the Four Corners Monument make it a seasonal tourism hub, while its strong community roots and outdoor recreation appeal support year-round local traffic. This property is well-positioned to capture both local and transient demand.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Former pizza restaurant
- Full kitchen infrastructure
- 2 Type 1 hoods
- Large dining area
- Drive-thru
- Available now
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,938 SF | Gross Leasable Area | 2,938 SF |
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Restaurant | Parking Ratio | 7.49/1,000 SF |
| Total Space Available | 2,938 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,938 SF |
| Year Built | 2008 |
| Parking Ratio | 7.49/1,000 SF |
ABOUT THE PROPERTY
Absolute Investment Realty has been selected by the owner of this hard-corner free-standing drive-thru restaurant located in the heart of Farmington, New Mexico. The Property is located at the hard corner, lit-intersection of Farmington’s 2 primary corridors: W Main Street and W Broadway Blvd. just east of a regional Super Wal-Mart. The property has excellent access and visibility, with full-turn access on W-Main Street and R-In/Rout & L-In from W-Broadway. The property was formerly a successful pizza restaurant and has 2 type 1 hoods and features spacious dining, prep, and kitchen areas. Don’t miss this rare opportunity to lease this beautiful restaurant in the heart of the growing Farmington, NM trade area!
- 24 Hour Access
- Bus Line
- Corner Lot
- Restaurant
- Signalized Intersection
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
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933 W Main St
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