Espanola, NM Retail Property For Sale

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Retail for Sale

Espanola, NM 87532

Just east of Paseo de Onate at the corner of Fairview Lane and Railroad Avenue. Previously home to Angelina's Restaurant. Offering includes a significant amount of restaurant furniture, fixtures and equipment.

Retail for Sale

Espanola, NM 87532

This is a very unique and special piece of real estate that includes the world renowned drive through burger restaurant, Dandy Burger, that has been in business for over 70 years in Espanola in this location. The Business is currently running and thriving. Business can convey under appropriate terms. The property also included around approximately 10000 sq ft of retail/office space that is currently leased to various tenant and has excellent investment potential. Well maintained, amazing location and lots of parking.

Retail for Sale

Espanola, NM 87532

32,660± SF Retail Building along busy N. Riverside Dr - Española’s primary retail corridor

15,700± SF available for occupancy

16,960± SF leased to Harbor Freight Tools

1.5± acres

Ideal For:

Owner/user interested in supplemental lease income; or

Tenant looking for space next to top performing national brand

Flexible Deal Structure - Available for Lease, Owner/User Purchase or Investment Sale

Retail for Sale

Espanola, NM 87532

Sale Price $750,000

Price/SF $68.02

Net Operating Income (as is) $68,000

Cap Rate 9.07%

Property Highlights:

• 94% occupied retail center

• Upside potential by renewing leases with NNN and leasing ±6K SF storage

• Located at signalized intersection

• Good visibility with easy access

• Adjacent to iconic El Paragua Restaurant, Italian Infusion, Santa Claran Hotel & Casino

• Monument sign at corner

• Ample parking

• Owner financing available

Retail for Sale

Espanola, NM 87532

LOCATED IN THE PRIMARY RETAIL CORRIDOR

Sale Price:$895,000

Available:

- Building: ±1,200 SF

- Land: ±0.66 Acres

Zoning: B-2 General Commercial

Property Highlights:

- Building completed in 2018

- Fast food build-out with drive-thru

- FF&E included

- NNN Lease in place with percentage rent

- Pylon signage with high visibility on N. Riverside Dr.

- Strong traffic count of almost 20,000 cars per day

- Easy access

- Ample parking

Retail for Sale

Espanola, NM 87532

Great Espanola location at the NW corner of Riverside Drive & Fairview Lane. Retailers close by include: Lowe’s, Starbucks, Wal-Mart, Chili’s, Pet Sense, Shoe Depot, Game Stop, Freddy's, McDonald’s, 24-hour Fitness, Big 5, Autozone, Sonic, CVS and Walgreens. Denny's & Del Taco currently under construction across Riverside.

Last used as a Lovelace. Multiple office spaces. Interior build-out could be removed leaving a large open space.

Additional land available.

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