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    1335 Grand Ave Las Vegas, NM 87701

    For Sale
    $1,335,722

    High-yield NNN Burger King in Las Vegas, NM

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity features a 3,600-square-foot Burger King restaurant located on a 0.62-acre lot in Las Vegas, New Mexico. The property is subject to an absolute NNN lease with a highly creditworthy franchisee, offering significant long-term stability. With 11.6 years remaining on the lease, plus four, five-year renewal options, this investment provides a predictable cash flow stream. The property boasts a 6.50% cap rate and a strong NOI of $86,822, representing an asking price of $1,335,722 ($371.03 per square foot). The building, renovated in 2016, enjoys 100% occupancy since September 19, 2005. This prime retail location benefits from high visibility and accessibility, ensuring consistent customer traffic. The property's strategic location within Las Vegas, NM, offers a blend of historical charm and modern amenities, attracting both residents and tourists. This is a rare opportunity to acquire a well-established, high-performing Burger King franchise in a desirable market. The absolute NNN lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. The property's strong tenant, long lease term, and attractive financial metrics make it a compelling investment prospect.

    Property Features for 1335 Grand Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,600 SF
    Lot Size
    27,007 SF

    Building Details

    Year Renovated
    2016
    Units
    1

    HighLights

    • Significant upside potential via percentage rent.
    • 3,600 SF building on a 0.62‑acre lot in a prime location.
    • 12 years remaining on a triple‑net (NNN) lease with a strong Burger King tenant.
    • High visibility ensures excellent customer access and convenience.
    Property Profile 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
    -105.21141994618
    Latitude
    35.605688104787

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    FAQs

    What type of property is this?
    Restaurant - High-yield NNN Burger King in Las Vegas, NM
    Where is this 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 $1,335,722.
    What are key features of this property?
    This property features: Significant upside potential via percentage rent.; 3,600 SF building on a 0.62-acre lot in a prime location.; 12 years remaining on a triple-net (NNN) lease with a strong Burger King tenant.
    Request Owner's contact information
    1335 Grand Ave 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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