Turnkey Restaurant in Walmart
60 NM-344 Edgewood, NM 87015
60 NM-344, Edgewood, NM, 87015
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For Sale
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4,701 SF restaurant with full kitchen on 1.14-acre parcel.
Property Size4,701 SF
Lot Size1.14 Acres
Price / SF$281.85
Days on Market617
Property Features for 60 NM-344
General Information
- Standard status
- Active
- Size
- 4,701 SF
- Lot size
- 1.14 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing Agency
Belco Development & Investments
Listed by
Adam Farmer · License #CA 1370795
Source
Crexi
Added: Nov 7, 2024 Checked: Jul 16 at 4:40 am
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 Belco Development & Investments
Investment Insights
Based on property information with market context.
This is a 4,701 square foot turnkey former Denny’s restaurant built in 2015. The property features a full restaurant kitchen ready to go, including a hood, walk-in refrigerator, and freezer, as well as booths, tables, and chairs. Situated on a 1.14-acre parcel, the pad site is located within a Walmart Supercenter on the hard corner of Church Street and State Road, benefiting from traffic counts of 23,226 vehicles per day. The location offers excellent street visibility and is strategically positioned right off the I-40 freeway, near the freeway off/on ramp with 22,037 vehicles per day. The turnkey site includes existing furniture, fixtures, and equipment (FF&E) and has an ATM lease in place through June 30, 2025, generating an annual rent of $3,018.00. The property benefits from a busy signalized intersection on State Road 344 and serves as a primary hard corner pad to the Walmart Supercenter, drawing regional traffic.
Key Highlights
- Turnkey 4,701 SF former Denny's restaurant with full kitchen, FF&E ready to go.
- Located on a hard corner pad site within a Walmart Supercenter.
- Excellent visibility and access at a busy signalized intersection.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.5k | $21.60 |
| − Vacancy | −$6.3k | −$1.34 |
| EGI | $95.2k | $20.26 |
| − OpEx | −$23.8k | −$5.07 |
| NOI | $71.4k | $15.20 |
4,701 SF · lease $21.60/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.02M
$892.9K – $1.19M
NOI $71,435 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,357 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 4,701 SF restaurant with full kitchen on 1.14-acre parcel.
Where is this conventional restaurant located?
The property is located at 60 NM-344 Edgewood, NM.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Turnkey 4,701 SF former Denny's restaurant with full kitchen, FF&E ready to go.; Located on a hard corner pad site within a Walmart Supercenter.; Excellent visibility and access at a busy signalized intersection.
