$1,141,000 USD
602-687-6700
HIGHLIGHTS
- Absolute NNN Lease with Multi-Unit Burger King Franchisee (±20 Locations)
- Tenant has Operated at the Site for 17 Years - Recently Remodeled in 2023
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Densely-Populated Albuquerque Trade Area - ±193,239 Residents within a 5-Mile Radius
- Subject Property is Ranked in the Top 7% of Burger Kings Nationwide, per Placer.ai
- Located Along a Busy Retail Corridor, Anchored by The Home Depot, Planet Fitness, and Walmart Supercenter
OVERVIEW
Founded in 1954, the Burger King brand is the second-largest fast food hamburger chain in the world. The original Home of the Whopper, the Burger King system operates more than 19,700 locations in more than 120 markets.
As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment.
FOR SALE DETAILS
PRICE
$1,141,000 USD
PRICE/SF
$516 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King - High Performing Location
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.63 AC
LAND SF
27,494 SF
ZONING
-
APN/PARCEL ID
1-011-060-229105-3-08-07
ASK ABOUT THIS PROPERTY
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602-687-6700
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Please correct the highlighted field(s).
602-687-6700
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
