813 Pine StDeming, NM 88030

Property Details for 813 Pine St

Year built

2013

Property size (Sq ft)

4,010 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity features a 4,010-square-foot IHOP restaurant in Deming, New Mexico. Located at 813 E Pine St, this single-tenant, net-lease property sits on approximately 42,372 square feet of fee-simple land and boasts a strong 8.81% cap rate with a current NOI of $66,000. The building, constructed in 2013, enjoys 100% occupancy with a credit-rated tenant under a lease with 14 years remaining, plus two five-year options. The property benefits from its prime location in a busy shopping plaza directly off Interstate 10 and Highway 180, two major New Mexico thoroughfares, experiencing high traffic volume (approximately 16,764 vehicles per day on I-10). This strategic location is further enhanced by its proximity to numerous national retailers, including T-Mobile, AutoZone, Wendy's, Walmart, Subway, Dollar Tree, KFC, Verizon, O'Reilly Auto Parts, Tractor Supply, and Burger King. The asking price is $749,000, translating to $186.78 per square foot. This presents a stable, high-return investment opportunity anchored by a well-known national brand. The property's APN is 3051137483492. This is a rare chance to acquire a proven, income-generating asset in a desirable location.

Location Insight

City

Deming

County

Luna

State

New Mexico

Latitude

32.2698

Longitude

-107.75

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