1500 Gibson Blvd Albuquerque, NM 87106

This exceptional investment opportunity presents a 1,152 square foot Del Taco restaurant in Albuquerque, New Mexico. The property boasts a 14-year remaining lease term (with two 5-year options) under an absolute NNN lease structure, ensuring minimal landlord responsibilities. The lease commenced October 16, 2023, and features 5% rental increases every five years, providing predictable and growing passive income. The building, constructed in 2023, sits on a 0.55-acre lot and enjoys a prime location on Gibson Blvd SE, a high-traffic retail corridor with over 38,600 vehicles per day. Nearby businesses include well-known national chains, enhancing visibility and foot traffic. The property's proximity to Albuquerque International Sunport (within one mile) and the University of New Mexico (within half a mile) further strengthens its appeal. The property's strong financial performance is reflected in its $110,000 annual net operating income (NOI) and a 5.00% cap rate. The asking price is $2,200,000. This is a rare opportunity to acquire a well-located, high-performing, and low-maintenance investment property with significant long-term growth potential. The property's strategic location and strong tenant covenant make it an ideal addition to any diversified investment portfolio.