10009 Coors Blvd NW - Restaurant FOR SALE
Albuquerque, NM 87114 |
$5,200,000 USD
512-768-0380
10009 Coors Blvd NW
Albuquerque, NM 87114
HIGHLIGHTS
- 7+ Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities | Proven 24+ Year Occupancy History
- 10% Rent Increases Every 5 Years, Providing a Healthy Hedge Against Inflation (Next Increase - June 2026)
- Corporately Guaranteed By Red Robin Gourmet Burgers and Brews (NASDAQ: RRGB). Red Robin Has Over 500 Locations in the United States
- Strong and Growing Demographics: Population of Over 191,301 People and Average Household Income of Over $108,454 Within a 5-Mile Radius
- Strategically Placed as an Outparcel of Cottonwood Mall, the Second Largest Mall in New Mexico, With 1,041,680 SQFT of Leasable Area
- Located Directly Off of Coors Blvd NW, Which Sees Over 72,000 Vehicles Per Day
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,157 SF Red Robin Located at 10009 Coors Blvd NW in Albuquerque, NM. This Deal Includes a 7+ Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and 10% Rent Increases Every 5 Years, Providing a Healthy Hedge Against Inflation (Next Increase - June 2026), Providing For a Secured Investment.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
FOR SALE DETAILS
PRICE
$5,200,000 USD
PRICE/SF
$845 USD /SF
CAP RATE
5.77%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Robin - Albuquerque, NM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
75
LAND DETAILS
LAND ACRES
1.51 AC
LAND SF
65,776 SF
ZONING
SU-1
APN/PARCEL ID
1-014-065-061200-2-01-06
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512-768-0380
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