9600 Universe BlvdAlbuquerque, NM 87114

Property Details for 9600 Universe Blvd

Year built

2022

Lot size

0.94 AC

Property size (Sq ft)

954 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

1-010-065-017-049-3-06-11

APU

101006501704930611

Description

This exceptional investment opportunity presents a fee-simple interest in a Dutch Bros Coffee shop located at 9600 Universe Blvd NW, Albuquerque, NM 87114. The property, built in 2022, boasts 950 square feet and sits on a 1-story building. Currently operating at 100% occupancy, the property features a 12.5-year remaining lease term under an Absolute NNN lease structure, eliminating management responsibilities. The annual Net Operating Income (NOI) is $115,500, representing a compelling 5.50% capitalization rate. This represents a lower-than-average rent for comparable fee-simple Dutch Bros. properties, which average approximately $130,800 annually. The strong financial performance is further supported by Dutch Bros Coffee's robust growth trajectory, with revenue exceeding $913 million in 2023 and projected to reach $1.23 billion in 2024. The location benefits from affluent demographics, with approximately 66,464 residents and an average household income of $119,770 within a 3-mile radius. Daily traffic is substantial, with approximately 14,000 vehicles passing on Universe Blvd daily and a workday population of approximately 39,943 employees within a 3-mile radius. The property's strategic location within a strong retail corridor, adjacent to Walgreens, Dollar Tree, Subway, Blake's LotaBurger, and Taco Bell, contributes to its high visibility and accessibility. Annual consumer retail spending within a 3-mile radius totals approximately $635.2 million. The area also benefits from a significant student population, with four elementary/middle schools and Volcano Vista High School nearby. Central New Mexico Community College West campus is also within close proximity. This is a rare opportunity to acquire a high-performing, low-management, fee-simple investment property backed by a strong corporate guarantee. Asking price is $2,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $200,852

  6.5%

  $185,402

  7%

  $172,159

• Comparable approach

  Method

  Valuation

  Relative Method

  $204,729

  Geo Method

  $198,625

• Alternative Use

  Use

  Valuation

  Residential

  $156,393

  Hospitality

  $143,255

  Educational

  $119,187

  Medical

  $123,286

  Retail

  $185,402

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1901

Longitude

-106.727

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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