2100 Louisiana BlvdAlbuquerque, NM 87110

For Sale
$2,933,333
Albuquerque, NM: Strong ROI, Ground Lease

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a thriving Red Robin restaurant in Albuquerque, New Mexico. Located on a 0.56-acre lot at 2100 Louisiana Blvd NE Bldg 217, this single-story, 6,000 square foot building boasts a 100% occupancy rate and a strong NOI of $176,000, yielding a 6.00% cap rate. The property benefits from a ground lease expiring March 31, 2032, with built-in rent bumps of 10% every five years, minimizing landlord responsibilities. Strategically situated as an outparcel to Winrock Town Center Mall, this Red Robin enjoys high visibility and benefits from the surrounding high-end national retailers. The location is exceptional, with over 30,800 vehicles passing daily on Louisiana Boulevard and over 181,400 vehicles daily on nearby I-40, ensuring significant traffic exposure. Placer.ai data indicates this Red Robin receives 289,000 annual visitors, ranking 81st out of 445 nationwide. The property is zoned MX-H and offers a compelling investment opportunity with a $2,933,333 asking price. This is a rare chance to acquire a high-performing restaurant in a prime location with a secure ground lease and significant upside potential.

Highlights

  • Highly desirable New Mexico restaurant location.
  • Ground lease with no landlord responsibilities.
  • Outparcel at Winrock Town Center Mall, surrounded by high-end national retailers.
  • High traffic location: Red Robin averages 289,000 annual visitors (Placer.ai), near Louisiana Blvd (30,800 VPD) and I-40 (181,400 VPD).
  • Lease expires 3/31/2032 with 10% rent increases every 5 years.

Property Details for 2100 Louisiana Blvd

Property type
Retail properties, Restaurants
Square Feet
6,000 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
24,394 SF
Units
1

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.098686648691
Longitude
-106.56711490029
2100 Louisiana Blvd, Albuquerque, New Mexico

FAQs

What type of property is this?
Retail property - Albuquerque, NM: Strong ROI, Ground Lease
Where is the retail property located?
The property is located at 2100 Louisiana Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,933,333.
What are key features of this property?
This property features: Highly desirable New Mexico restaurant location.; Ground lease with no landlord responsibilities.; Outparcel at Winrock Town Center Mall, surrounded by high-end national retailers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2100 Louisiana Blvd
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