1500 Gibson BlvdAlbuquerque, NM 87106
Albuquerque, NM QSR Net Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- 1,152 SF Del Taco Restaurant on a 0.55-acre lot with a 14-year NNN lease (plus two 5-year options) and 5% rent increases every five years.
- High-profile location on Gibson Blvd SE in Albuquerque, NM, a high-traffic corridor (38,600+ VPD), near UNM and Albuquerque International Sunport.
- 2023-built Del Taco, the first drive-thru-only location nationwide, boasting strong initial sales and a healthy rent-to-sales ratio.
- Albuquerque, NM is the 32nd largest US city, experiencing significant population growth (14%+).
- $2,200,000 asking price with a $110,000 annual NOI and a 5.00% cap rate.
Property Details for 1500 Gibson Blvd
- Property type
- Retail properties
- Square Feet
- 1,152 SF
- Lot Size (sq. ft)
- 23,958 SF
Location Insight
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Latitude
- 35.0586026
- Longitude
- -106.6331907
Nearby Similar for Sale
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