1500 Gibson BlvdAlbuquerque, NM 87106

Property Details for 1500 Gibson Blvd

Lot size

0.55 AC

Property size (Sq ft)

1,152 SF

Property type

Retail properties

Description

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.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0586

Longitude

-106.633

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