For Sale
$1,850,000
4201 San Mateo Blvd Albuquerque, NM 87110
High-return NNN leased QSR
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Brand-new, 800 sq ft Gyro Shack on a 0.53-acre lot at 4200 San Mateo Blvd NE, Albuquerque, NM.
- High-traffic location with over 83,000 vehicles daily.
- Class A retail space, 100% occupied under a 15-year NNN lease with corporate guarantee, starting September 1, 2024.
- $1,850,000 asking price ($2,312.50/sq ft), 5.91% cap rate, $109,313 annual NOI, with 10% rent increases every five years.
- Excellent location near UNM, Lovelace Women's Hospital, and a densely populated area (110,000+ within 3 miles). Modular construction may qualify for bonus depreciation.
Property Details for 4201 San Mateo Blvd
- Property type
- Retail properties, Restaurants
- Square Feet
- 800 SF
- Class
- A
- Year Built
- 2024
- Buildings
- 1
- Lot Size (sq. ft)
- 23,087 SF
Location Insight
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Latitude
- 35.1277797
- Longitude
- -106.5868084
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-return NNN leased QSR
- Where is the retail property located?
- The property is located at 4201 San Mateo Blvd Albuquerque, NM.
- What is the asking price?
- The asking price for this property is $1,850,000.
- What are key features of this property?
- This property features: Brand-new, 800 sq ft Gyro Shack on a 0.53-acre lot at 4200 San Mateo Blvd NE, Albuquerque, NM.; High-traffic location with over 83,000 vehicles daily.; Class A retail space, 100% occupied under a 15-year NNN lease with corporate guarantee, starting September 1, 2024.
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