814 N Riverside Dr. Espanola, NM 87532
Retail Property in New Mexico
SOLD: $1,900,000 CAP RATE: 6.35% PRICE PER SQUARE FOOT: $681
We are pleased to announce the sale of this single tenant KFC absolute net lease investment located in Espanola New Mexico. The property sold for $1,900,000 reflecting a 6.35% cap rate and a $681 price per square foot, providing the buyer with a strong and stable passive income stream.
At close of escrow a brand new 15 year absolute NNN lease was executed, eliminating all landlord responsibilities and securing long term predictable cash flow. The lease is backed by a proven KFC franchise group operating over 130 stores nationwide and recognized as the 2023 KFC Franchisee of the Year, underscoring the strength of the operator.
The location benefits from above national average KFC sales volume and maintains a healthy 6% rent to sales ratio, reinforcing the store’s strong financial performance and long term viability. This transaction represented a strategic acquisition for the buyer seeking reliable income and minimal management responsibility. David Saghian represented the buyer in this transaction.
Investment Highlights
Absolute NNN investment with a newly signed 15 year lease at close of escrow and zero landlord responsibilities
Strong tenant backed by a 130 plus store operator awarded 2023 KFC Franchisee of the Year
Above national KFC average sales volume supported by an efficient 6% rent to sales ratio
Sold for $1,900,000 reflecting a 6.35% cap rate and $681 per square foot
Stable long term income stream secured by a nationally recognized brand and experienced franchise operator
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com