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Virtual Drive-By

Arby's Absolute NNN

1711 7th Street · Las Vegas, NM 87701 · QSR / Restaurant

Asking price
$975,000
Cap rate
5.60%
NOI
$54,647

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Lease

Lease typeAbsolute NNN
Term remaining4.7 yrs
Expiration02/2031
Rent bumps5.00% Every 5 Years
Options4, 5- Year Options
Ground leaseNo
Credit profileFranchisee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,500
Price / SF$400
Year built1991
Lot size1.00 ac
TypeQSR/Fast Food, Restaurant
Days on market40

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Long-Term Lease Term | Arby's operates under a 15-year NNN lease, providing stable income backed by a nationally recognized quick-service restaurant brand.
  • ​Passive Ownership Structure | The Triple Net lease structure with no landlord responsibilities and provides a predictable investment profile.
  • ​Outstanding Rent-To-Sales Ration, please contact listing agent for additional details.
  • ​Signalized Hard Corner Location | The property occupies a prominent corner along 7th Street and Mills Avenue, benefiting from strong visibility and accessibility.
  • ​National Retail Presence | Surrounding retailers include Walmart, Walgreens, O'Reilly Auto Parts, Dollar Tree, Harbor Freight, Verizon, and Wendy's.
  • ​Scheduled Rent Growth | The lease features 5.00% rent increases every five years, creating contractual income growth throughout the remaining lease term.
  • ​Established Operating Location | The property has operated as an Arby's location since 2016, demonstrating a long-term commitment to the Las Vegas market.
  • ​Strong Traffic Counts | The site benefits from exposure to more than 16,000 vehicles per day along 7th Street, a primary commercial corridor.
  • ​University Influence | New Mexico Highlands University enrolls approximately 2,700 students and provides a consistent source of consumer activity.

Property overview

Surmount is pleased to present the exclusive listing for an Arby's located at 1711 7th Street, Las Vegas, NM 87701.​ The site consists of roughly 2,500 rentable square feet of building space on an estimated 1-acre parcel of land.​ Arby's is subject to a 15-year Triple Net (NNN) lease, which commenced 2/17/2016.​ The current annual rent is $54,647 and has scheduled increases of 5.00% Every 5 Years.​

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.