For Sale
$2,200,000

1500 Gibson BlvdAlbuquerque, NM 87106

Albuquerque, NM QSR Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

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
1500 Gibson Blvd, Albuquerque, New Mexico

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1500 Gibson Blvd
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