1620 Towne Center Ln SE - Restaurant FOR SALE


Albuquerque, NM 87106- Clayton Heights-Lomas Del Cielo
$2,521,000 USD
714-878-6004
1620 Towne Center Ln SE, Albuquerque, NM for Sale
$2,521,000 USD
Restaurant - FOR SALE
1/9
null | 6.6% Cap Rate

1620 Towne Center Ln SE
Albuquerque, NM 87106
Clayton Heights-Lomas Del Cielo


HIGHLIGHTS

  • Over 7 Years Remaining | Franchisee & Personal Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • University Of New Mexico | Albuquerque International Airport | Interstate 25 (119,700 VPD) | Hotel Corridor | Strong Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Denny’s investment property located in Albuquerque, New Mexico. The tenant, New Mexico’s Best Diner, LLC has over 7 years remaining on lease term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,521,000 USD

PRICE/SF

$587 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | Abs NNN | Scheduled Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,559 SF

ZONING

PD

APN/PARCEL ID

1-015-056-314018-4-03-04

ASK ABOUT THIS PROPERTY

Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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

Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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