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    1335 Grand Ave Las Vegas, NM 87701

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    For Sale
    $1,435,000

    Burger King restaurant with 13 years remaining on NNN lease.

    Property size:
    3,600 SF
    Lot size:
    0.62 Acres

    Property Features for 1335 Grand Ave

    General Information

    Size
    3,600 SF
    Lot size
    0.62 Acres

    Source: Mountain West - Corporate Agent Brendan Lee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burger King Restaurant For Sale

    This property features a 3,600 square foot building situated on a 0.62-acre lot. The property is currently operating as a Burger King restaurant with 13 years remaining on an absolute NNN lease with a successful Burger King franchisee. The location is highly visible, offering convenience and accessibility for customers. There is opportunity for a significant amount of additional income through percentage rent.
    Insight Report Location Intelligence

    Current Use by Public Records

    Burger King Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2116937
    Latitude
    35.6057754

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    FAQs

    What type of property is this?
    Drive through restaurant - Burger King restaurant with 13 years remaining on NNN lease.
    Where is this drive through restaurant located?
    The property is located at 1335 Grand Ave Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $1,435,000.
    What are key features of this property?
    This property features: - 13-years remaining on absolute NNN lease with a successful Burger King franchisee; - Opportunity for significant amount of additional income through percentage rent; - Highly visible location, offering convenience and accessibility for customers
    (707) 953-8932
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    1335 Grand Ave Las Vegas, NM 87701
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    Las Vegas, NM 87701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1335 Grand Ave Las Vegas, NM 87701
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