601 Silkey Way Española, NM 87532
- Retail properties
- 1,200 SF
- 0.66 lot acres
Current Use by Public Records
- Retail properties
Property Details for 601 Silkey Way
- Lot size
- 0.66 lot acres
- Property size
- 1,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 1,200 square foot, Class A, single-tenant standalone quick-service restaurant (QSR) with a drive-thru. Located at 601 Silkey Way, Espanola, NM 87532, in Rio Arriba County, this property boasts a 7.5% cap rate and a strong net operating income (NOI) of $48,000. Currently 100% occupied by Los Victor's Mexican Food under an absolute NNN lease with 8.4 years remaining (through March 31, 2033, with two 5-year renewal options), this property offers a secure and stable income stream. The building, constructed in 2023, sits on a 0.66-acre lot and benefits from high visibility and significant traffic counts. The asking price is $640,000, translating to a price per square foot of $533.33. This is a turnkey investment ideal for passive income seekers. The property's prime location and established tenant make it a compelling opportunity for long-term growth and return. The lease commenced April 1, 2023. This is a single-story building.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Española
- County
- Rio Arriba
- State
- New Mexico
- Longitude
- -106.064
- Latitude
- 36.0124
