DAIRY QUEEN | LOW PRICE POINT | JUST UNDER 10 YEARS REMAINING

Overview

Flanagan Investment Real Estate is pleased to offer for sale a single-tenant, Dairy Queen in Espanola, NM. Espanola is located in Northern New Mexico just north of Santa Fe, NM and draws from a large trade area. The asset is on N Riverside Drive, the main thoroughfare in Espanola with traffic counts exceeding 19,500 vehicles per day.There are just under 10 years of term remaining. This site has a long operating history as Dairy Queen, the property was built as a Dairy Queen over 35 years ago. Based on Placer visits, this location is in the top 85% nationally and is in the top quartile for New Mexico.This is a proven trade area with synergy from neighboring tenants including Walmart, Lowe’s, McDonald’s, Chili’s, and Starbucks among many others. Dairy Queen is operating in an approximately +/-2,241 sq. ft. building situated on about +/- 0.86 acres.The Tenant is operating under a NNN lease with the exception of real estate taxes. This is a fee simple deal which includes both land and building. Both the price point and rent are very low.This investment benefits from the long-term lease, passive lease structure, and its exceptional location. The site is located on the main thoroughfare in Espanola surrounded by numerous retailers and employers. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.