60 Nm-344 Edgewood, NM 87015

This exceptional investment opportunity presents a 4,701-square-foot former Denny's restaurant located in Edgewood, New Mexico. Built in 2015, this vacant, single-story building sits on a prominent 1.14-acre lot at a hard corner intersection of NM-344 and Church Street, boasting excellent visibility and accessibility. The property benefits from high traffic counts of 23,226 vehicles per day (VPD), further enhanced by its proximity to the I-40 freeway on/off ramp (22,037 VPD). This prime pad site is adjacent to a Walmart Supercenter, surrounded by other national retailers including O'Reilly Auto Parts, Dairy Queen, Walgreens, and McDonald's, ensuring a strong retail environment. The property includes existing FF&E and an ATM lease generating an annual income of $3,018, extending through June 30, 2025. The asking price is $1,699,999, representing a Core+ investment opportunity with a net operating income (NOI) of $3,018. The average household income within a 3-mile radius is $80,089, and the population within a 5-mile radius is 10,838, indicating a substantial consumer base. The property's location within the main retail trade area of the community ensures strong potential for future occupancy and return on investment. The property is classified as QSR/Fast Food, Restaurant, and Shopping Center. The APN is 099304369. The property is fee simple ownership. The anticipated occupancy date is December 15, 2024.