For Sale
$640,000

601 Silkey WayEspañola, NM 87532

High-Yield QSR with Drive-Thru

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 1,200 square foot, Class A, single-tenant standalone quick-service restaurant (QSR) with a drive-thru. Located at 601 Silkey Way, Espanola, NM 87532, in Rio Arriba County, this property boasts a 7.5% cap rate and a strong net operating income (NOI) of $48,000. Currently 100% occupied by Los Victor's Mexican Food under an absolute NNN lease with 8.4 years remaining (through March 31, 2033, with two 5-year renewal options), this property offers a secure and stable income stream. The building, constructed in 2023, sits on a 0.66-acre lot and benefits from high visibility and significant traffic counts. The asking price is $640,000, translating to a price per square foot of $533.33. This is a turnkey investment ideal for passive income seekers. The property's prime location and established tenant make it a compelling opportunity for long-term growth and return. The lease commenced April 1, 2023. This is a single-story building.

Highlights

  • 1,200 SF Class A single-tenant QSR with drive-thru in Espanola, NM.
  • Absolute NNN lease with Los Victor's Mexican Food, 8.4 years remaining (through 3/31/2033, with two 5-year options).
  • 7.5% cap rate, $48,000 NOI, $640,000 asking price ($533.33/SF).
  • 0.66-acre lot, built in 2023, high visibility & traffic counts.

Property Details for 601 Silkey Way

Property type
Retail properties, Restaurants
Square Feet
1,200 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Española
County
Rio Arriba
State
New Mexico
Latitude
36.012361883956
Longitude
-106.06371206736
601 Silkey Way, Española, New Mexico

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601 Silkey Way
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