Double Drive-Through Restaurant
For Sale
Contact for pricing
2121 W Main St, Farmington, NM 87401
3,097+- sf restaurant building featuring double drive-through service configuration.
Property Size3,097 SF
Price / SF$0.01
Days on Market190
Property Features for 2121 W Main St
General Information
Standard status
Active
Size
3,097 SF
Total Parking Spaces
23
Property subtype
Retail
Zoning
GC
Lease Type
Absolute Net
Amenities
Drive-Thru
Vacant
23 Parking Spaces
Building Details
Year Built
2023
Tenancy
Single Tenant
Listing Agency:
SVN / Walt Arnold Commercial Brokerage, Inc.
Listed By:
Stephen Lyon · License #15729
(505) 256-7573
Source:
Carnm.resimplifi
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 28 at 4:55AM
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 SVN / Walt Arnold Commercial Brokerage, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,097+- sf restaurant building is designed with a double drive-through layout, providing two drive-through lanes for ordering and service. The property is offered for sale.
The immediate W. Main corridor trade area supports an estimated 37,916 residents and 19,551 employees. Major nearby draws within about 1.25 miles include Walmart Supercenter, San Juan Regional Medical Center, the City of Farmington Municipal Complex, and downtown Farmington.
The corridor continues to add demand, with new businesses noted including Maverik Fuels (now open), Allsup’s (now open), Little Caesars (plan review), and Delta Tire (plan review).
The immediate W. Main corridor trade area supports an estimated 37,916 residents and 19,551 employees. Major nearby draws within about 1.25 miles include Walmart Supercenter, San Juan Regional Medical Center, the City of Farmington Municipal Complex, and downtown Farmington.
The corridor continues to add demand, with new businesses noted including Maverik Fuels (now open), Allsup’s (now open), Little Caesars (plan review), and Delta Tire (plan review).
Key Highlights
- 3,097+- SF restaurant building built in 2023 with a double drive‑through configuration
- W. Main corridor location within 1.25 miles of Walmart Supercenter, San Juan Regional Medical Center, and City of Farmington Municipal Complex
- Downtown Farmington is within 1.25 miles of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,124
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,480
$642.5K
Cap Rate 7%
$458,914
$458.9K
Cap Rate 9%
$356,933
$356.9K
Market Conditions
NOI Build-Up for 3,097 SF
Gross rent
$45.7K $14.76/SF
− Vacancy
−$2.9K −$0.93/SF
EGI
$42.8K $13.83/SF
− OpEx
−$10.7K −$3.46/SF
NOI
$32.1K $10.37/SF
Area
San Juan County, NM
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,480
Cap Rate 7%
$458,914
Cap Rate 9%
$356,933
Alternative Uses
Best Use
Specialty Retail
$458.9K
$401.6K – $535.4K
NOI $32,124 @ 7.0% cap · market cap 84,536.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.7K
$560.6K – $747.5K
NOI $44,848 @ 7.0% cap · market cap 118,021.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Superstores 18%
Shops & Services 18%
Home Improvements & Furnishings 4%
McDonald's
Dining
36,846 visits/mo
0.1 miles
Big Lots
Superstores
31,362 visits/mo
0.1 miles
Taco Bell
Dining
21,541 visits/mo
0.1 miles
Wendy's
Dining
11,934 visits/mo
0.3 miles
Carl's Jr.
Dining
10,809 visits/mo
0.2 miles
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - 3,097+- sf restaurant building featuring double drive-through service configuration.
Where is this drive through restaurant located?
The property is located at 2121 W Main St Farmington, NM.
What are key features of this property?
This property features: 3,097+- SF restaurant building built in 2023 with a double drive‑through configuration; W. Main corridor location within 1.25 miles of Walmart Supercenter, San Juan Regional Medical Center, and City of Farmington Municipal Complex; Downtown Farmington is within 1.25 miles of the property
