IHOP Net Lease

105 S. 1st Street, Artesia, NM 88210

  • For Sale $1,040,000
  • Property Type Other
  • Additional Rent Contact for pricing
  • Year Built 2013
  • Date Updated Dec 24, 2024

Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 105 South First Street in Artesia, New Mexico. The subject property is located at the intersection of Highway 82 and Highway 285, two main thoroughfares in New Mexico. IHOP currently has 14 years remaining on the lease with two, five-year options to exercise. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant. This location is currently part of a five-property portfolio. All five IHOP locations are for sale and can be purchased as a portfolio if desired. Contact brokers for more information.

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Highlights

  • 4,010 SF building on 27,500 SF of fee simple land
  • Operated as an IHOP by a multi-unit franchisee
  • 14 years remaining on lease, and two five-year options
  • Located at the intersection of two major thoroughfares in New Mexico
  • Excellent location with synergistic national retailers in the immediate trade area, such as: McDonalds, Wells Fargo Bank, Sherman Williams Paint, Wendys, Sonic, OReilly Auto Parts, Ashley Furniture, Taco Bell, Burger King, and Subway

Contacts

broker
Chris Maling

Avison Young - US - CA - Los Angeles

broker
David Maling

Avison Young - US - CA - Los Angeles

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Artesia, NM
  • Zip Code 88210

Points of Interest

  • Pecos Valley Railroad Depot

    0.22 miles

  • Brewer Shell

    0.07 miles

  • Conoco

    0.08 miles

  • Brewer Chevron

    0.46 miles

  • Alon

    1.10 miles

  • Walmart

    1.91 miles

  • Heritage Inn

    0.12 miles

  • Hardwick Hotel

    0.16 miles

  • Hotel Artesia

    0.16 miles

  • La Quinta Inn & Suites Artesia

    1.56 miles

  • Legacy Inn

    1.68 miles

  • Hampton Inn & Suites

    1.83 miles

  • Comfort Inn & Suites

    1.93 miles

  • IHOP

    0.00 miles

  • McDonald's

    0.10 miles

  • La Fonda

    0.12 miles

  • Domino's

    0.14 miles

  • Pecos Diamond

    0.34 miles

  • Sonic

    1.11 miles

  • Burger King

    1.12 miles

  • Pizza Hut

    1.39 miles

  • Subway

    1.79 miles

  • Central Elementary School

    0.41 miles

  • Roselawn Elementary School

    0.47 miles

  • Artesia High School

    0.70 miles

  • Park School

    0.89 miles

  • Zia intermediate School

    0.95 miles

  • Hermosa Elementary School

    1.04 miles

  • Yucca Elementary School

    1.13 miles

  • Park Junior High School

    1.35 miles

  • Abo Elementary School

    1.41 miles

  • Yeso Elementary School

    1.46 miles

Frequently Asked Questions

How much does IHOP Net Lease cost?

The space currently listed for sale at IHOP Net Lease asks for $1,040,000.

What is the total square footage of IHOP Net Lease?

IHOP Net Lease totals 373 square feet.

When was this property built?

IHOP Net Lease was built in 2013.

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Contact IHOP Net Lease