For Sale
$2,631,500

2100 Unser BlvdRio Rancho, NM 87124

Rio Rancho, NM QSR Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee simple interest in a brand-new, 3,187 square foot Blake's Lotaburger restaurant located at 2100 Unser Blvd SE in Rio Rancho, New Mexico. The property, built in 2024 and opened October 3rd, 2024, sits on a 1.25-acre lot within the Village @ Rio Rancho development. This Class A, single-tenant net lease boasts a 15-year term with four 5-year renewal options, providing long-term security and rental increases of 10% every five years. The lease includes a corporate guarantee from Blake's Lotaburger, a well-established brand with 75+ locations. The property offers a 4.75% cap rate and a current NOI of $125,000, representing a strong return on investment. The property is zoned commercial and benefits from its prime location at the entrance of a 60-acre mixed-use development, promising significant future growth. This is a 1031 exchange eligible property, offering further tax advantages for qualified investors. The asking price is $2,631,500. This is a rare opportunity to acquire a high-performing, stable investment in a rapidly growing area.

Highlights

  • Fee simple interest in a new 3,187 SF Blake's Lotaburger restaurant.
  • 15-year ground lease with four 5-year renewal options, including 10% rental increases every five years.
  • Corporate guarantee from Blake's Lotaburger (75+ locations).
  • Prime location at the entrance of a 60-acre mixed-use development in Rio Rancho, NM.

Property Details for 2100 Unser Blvd

Property type
Retail properties
Square Feet
3,187 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Rio Rancho
County
Sandoval
State
New Mexico
Latitude
35.223474804549
Longitude
-106.69611131308
2100 Unser Blvd, Rio Rancho, New Mexico

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2100 Unser Blvd
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