Contacts
Avison Young - US - CA - Los Angeles
Avison Young - US - CA - Los Angeles
Property Details
- Property Type Other
- Additional Rent Contact for pricing
- Year Built 2013
- Date Updated Jan 5, 2025
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 105 South First Street in Artesia, New Mexico. The subject property is located at the intersection of Highway 82 and Highway 285, two main thoroughfares in New Mexico. IHOP currently has 14 years remaining on the lease with two, five-year options to exercise. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant. This location is currently part of a five-property portfolio. All five IHOP locations are for sale and can be purchased as a portfolio if desired. Contact brokers for more information.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 4,010 SF building on 27,500 SF of fee simple land
- Operated as an IHOP by a multi-unit franchisee
- 14 years remaining on lease, and two five-year options
- Located at the intersection of two major thoroughfares in New Mexico
- Excellent location with synergistic national retailers in the immediate trade area, such as: McDonalds, Wells Fargo Bank, Sherman Williams Paint, Wendys, Sonic, OReilly Auto Parts, Ashley Furniture, Taco Bell, Burger King, and Subway
Getting around
-
62/100
Walk Score ®
-
48/100
Bike Score ®
Location
- City Artesia, NM
- Zip Code 88210
Points of Interest
-
Pecos Valley Railroad Depot
0.22 miles
-
Brewer Shell
0.07 miles
-
Conoco
0.08 miles
-
Brewer Chevron
0.46 miles
-
Alon
1.10 miles
-
Walmart
1.91 miles
-
Heritage Inn
0.12 miles
-
Hardwick Hotel
0.16 miles
-
Hotel Artesia
0.16 miles
-
La Quinta Inn & Suites Artesia
1.56 miles
-
Legacy Inn
1.68 miles
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Hampton Inn & Suites
1.83 miles
-
Comfort Inn & Suites
1.93 miles
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Fenn's Country Market
1.44 miles
-
Walmart Supercenter
1.78 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
