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Property profile

2200 Southern Blvd SE Rio Rancho, NM 87124

Drive through restaurants
Property ID
US61-1373261
View Sample
670 SF 0.48 ac lot Built 2023
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 664-square-foot quick-service restaurant (QSR) building presents a rare opportunity for immediate occupancy. Located on a high-traffic section of Southern Boulevard, this 2023-constructed, single-tenant property boasts superior visibility and accessibility, benefiting from exposure to over 20,000 vehicles daily. Its strategic location places it in close proximity to established businesses such as Walmart, Raising Cane's, and Chick-fil-A, ensuring a strong customer base. The property sits on a sizable 4.8-acre lot, offering ample space and potential for future expansion. The building is zoned C-1, allowing for a variety of commercial uses. All fixtures, furniture, and equipment (FF&E) are available for inclusion in either a sale or lease transaction, making this a truly turn-key operation. This is an ideal investment for an established QSR brand seeking a prime location or an entrepreneur looking to launch a new venture. The property's modern construction and excellent location combine to create a compelling investment opportunity with significant potential for high returns. Don't miss this chance to acquire a thriving, established business in a high-demand area.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2023
Total area 670 SF
Lot 0.48 ac (20,909 SF)
APN 1-011-068-482-334
UPID US61-1373261

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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