For Sale
$2,769,230

316 Cedar StDeming, NM 88030

Deming, NM: High-growth QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a brand-new (2023) Popeyes restaurant in Deming, New Mexico. The property boasts a 2,843 square foot building situated on a 0.92-acre lot, enjoying a prime location with high visibility. The absolute NNN lease, with a prominent tenant, ensures minimal landlord responsibilities. The current lease term extends for 19.1 years, commencing December 27, 2023, and expiring December 30, 2043. This long-term lease includes attractive 7% rent bumps every five years, providing consistent income growth throughout the primary term and four 5-year options. The property generates a strong net operating income (NOI) of $180,000, resulting in a compelling 6.50% cap rate. The property's strategic location in a dense retail corridor, with high traffic volume from nearby businesses such as Tractor Supply and Walmart, further enhances its investment appeal. The site benefits from frontage on I-10 and Cedar Street, ensuring significant visibility and accessibility. Deming's stable population base, coupled with its role as the county seat and tourism draw for the Southwestern New Mexico State Fair, contributes to the property's long-term value and potential for appreciation. This is a rare opportunity to acquire a high-performing, low-maintenance, and strategically located QSR investment in a growing market. The asking price is $2,769,230, translating to a price per square foot of $974.05.

Highlights

  • Brand new 2023 Popeye's construction with a primary lease term exceeding 19 years.
  • Triple-net (NNN) lease; no landlord responsibilities.
  • 7% rent increase every five years throughout the primary term and options.
  • Strong demographics: 19,000+ residents within a 5-mile radius and 1.3% annual population growth.
  • High-traffic retail location near Tractor Supply, Walmart, Deming High School, and other national retailers.
  • High visibility: 16,000+ vehicles per day (VPD) on I-10 and Cedar Street frontage.

Property Details for 316 Cedar St

Property type
Retail properties
Square Feet
2,843 SF
Year Built
2023
Buildings
1
Lot Size (sq. ft)
40,075 SF
Units
1

Location Insight

City
Deming
County
Luna
State
New Mexico
Latitude
32.270248442175
Longitude
-107.75568784786
316 Cedar St, Deming, New Mexico

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316 Cedar St
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