Freddy's Double Drive-Through
1408 N Riverside Dr, Espanola, NM 87532
For Sale
New
Contact for pricing
The single-tenant property carries an absolute NNN lease with scheduled rent increases.
Property SizeContact for details
Days on Market7
Property Features for 1408 N Riverside Dr
General Information
Standard status
Property subtype
Site & Location
Drive-Thru
Traffic Count
Road Access
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
CBRE - Phoenix
Listed By:
Owen Littrell · License NM SA714185000
(859) 640-9498
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Phoenix
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Investment Insights
Based on property information with market context.
Freddy's Frozen Custard & Steakburgers occupies a single-tenant restaurant with a double drive-through. The property is subject to an absolute NNN lease with ±10 years of term remaining and 8% rent increases every 5 years.
At 1408 N Riverside Dr in Española, the restaurant has frontage along a primary route through the city connecting Santa Fe and Taos, with reported traffic of ±32,295 vehicles per day. It is an outparcel to a Lowe's Home Improvement center and sits adjacent to a Walmart Supercenter. Other nearby retailers include McDonald's, Starbucks, AutoZone, CVS Pharmacy and Taco Bell.
Santa Claran Hotel Casino and Ohkay Casino Resort are each within ±6 minutes. Northern New Mexico College and Española Valley High School are within ±7 minutes, while Presbyterian Española Hospital is ±8 minutes away.
At 1408 N Riverside Dr in Española, the restaurant has frontage along a primary route through the city connecting Santa Fe and Taos, with reported traffic of ±32,295 vehicles per day. It is an outparcel to a Lowe's Home Improvement center and sits adjacent to a Walmart Supercenter. Other nearby retailers include McDonald's, Starbucks, AutoZone, CVS Pharmacy and Taco Bell.
Santa Claran Hotel Casino and Ohkay Casino Resort are each within ±6 minutes. Northern New Mexico College and Española Valley High School are within ±7 minutes, while Presbyterian Española Hospital is ±8 minutes away.
Key Highlights
- Double drive‑through restaurant operated by Freddy's Frozen Custard & Steakburgers
- Absolute NNN lease with ±10 years of term remaining
- 8% rent increases every 5 years
Property Analytics
Who owns this building?
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Current Use
Lease Details
32,295 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
344k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 20%
Shops & Services 16%
Home Improvements & Furnishings 11%
Walmart
Superstores
68,007 visits/mo
0.3 miles
McDonald's
Dining
31,049 visits/mo
0.0 miles
Lowe's
Home Improvements & Furnishings
29,993 visits/mo
0.2 miles
Food King
Groceries
26,449 visits/mo
0.5 miles
Freddy's Frozen Custard & Steakburgers
Dining
22,538 visits/mo
0.1 miles
Demographics for 87532, NM
19,017
Population
8,946
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
85%
High-School Grad
109.5 sq mi
ZIP Area
174
Density / Sq Mi
$57,077
Median Household Income
$42,365
Median Earnings
$887
Median Rent
$225,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The single-tenant property carries an absolute NNN lease with scheduled rent increases.
Where is this drive through restaurant located?
The property is located at 1408 N Riverside Dr Espanola, NM.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: Double drive‑through restaurant operated by Freddy's Frozen Custard & Steakburgers; Absolute NNN lease with ±10 years of term remaining; 8% rent increases every 5 years
