$2,213,000 USD
813-440-2791
10201 Central Ave NE
Albuquerque, NM 87123
South Los Altos
HIGHLIGHTS
- 11 Year Operating History | 10% Rent Increases | Strong Franchisee | Options to Extend | Large Parcel | Replaceable Rent
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Off Signalized, Hard Corner Intersection | 1.19 AC Parcel | Surrounding Retailers | Replaceable Rent | Main Retail Corridor
- Freddy’s Recently Acquired by Rhône | Growing Franchisee Program
- Strong Demographics In 5-mile Trade Area
OVERVIEW
• Freddy’s has operated at this location for 11 years and has 4+ years remaining on their lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each options
• The tenant, ERC New Mexico, LLC operates 10 Freddy’s locations in New Mexico and El Paso County, TX
• Operated by the larger entity, ERC Management, which operates a total of 34 locations in Colorado, Alabama, Texas, and New Mexico with plans to open more stores in New Mexico and El Paso County, TX
FOR SALE DETAILS
PRICE
$2,213,000 USD
PRICE/SF
$678 USD /SF
CAP RATE
6.56%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Freddy's - Albuquerque NM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
73
LAND DETAILS
LAND ACRES
1.19 AC
LAND SF
51,836 SF
ZONING
MX-H
APN/PARCEL ID
1-020-056-482003-1-18-03
ASK ABOUT THIS PROPERTY
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813-440-2791
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813-440-2791
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