10048 Coors Bypass NW blvd - Retail FOR SALE


Albuquerque, NM 87114
$2,840,000 USD
214-545-6962
10048 Coors Bypass NW blvd, Albuquerque, NM for Sale
$2,840,000 USD
Retail - FOR SALE
1/8
null | 5.3% Cap Rate

10048 Coors Bypass NW blvd
Albuquerque, NM 87114


HIGHLIGHTS

  • High-Quality Tenant - Bubba’s 33 (Operated by Roadhouse Enterprises, Inc., Texas Roadhouse Subsidiary): Nationally recognized, full-service restaurant
  • Long-Term Absolute NNN Ground Lease: 15-year absolute NNN ground lease commencing October 1, 2025, featuring 10% rent increases every five (5) years
  • Absolute NNN Lease Structure: True passive investment. The tenant is responsible for all expenses, including CAM, insurance, real estate taxes.
  • Strong Rent Growth: Contractual 10% base rent increases every 5 years during the initial term and each renewal option
  • Prime Northwest Albuquerque Location: Strategically positioned along Coors Boulevard Bypass NW, directly adjacent to Cottonwood Mall
  • Corporate Guarantee: Lease guaranteed by Roadhouse Enterprises, Inc., a subsidiary of Texas Roadhouse, ensuring a secure and reliable income stream.

OVERVIEW

Bubba's 33 (the “Property”) is a freestanding, single-tenant restaurant building located along Coors Boulevard Bypass NW in Albuquerque, New Mexico. Positioned directly adjacent to Cottonwood Mall and within one of the city’s most active retail corridors, the Property benefits from excellent visibility, strong traffic counts, and connectivity to the broader Northwest Albuquerque trade area. Built on a 1.03-acre parcel, the site offers ample parking, easy ingress and egress, and proximity to a dense mix of national retailers, entertainment venues, and residential communities. The 7,575-square-foot building is 100% leased to Roadhouse Enterprises, Inc., doing business as Bubba’s 33, under a newly executed absolute-net ground lease with an initial 15-year term. The lease commences October 1, 2025, and features 10% contractual rent increases every five (5) years, along with three (3) additional five-year renewal options - each also including 10% rent escalations. This structure provides investors with stable, long-term cash flow and predictable income growth.

FOR SALE DETAILS

PRICE

$2,840,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MX-M

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John David CobbEDGE Realty Capital MarketsMore Info
214-545-6962

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John David CobbEDGE Realty Capital MarketsMore Info
214-545-6962

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.