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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

601 Silkey Way Española, NM 87532

1,200 SF 0.66 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,200 SF
Lot 0.66 ac (28,750 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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