585 NM-528 - Restaurant FOR SALE


Bernalillo, NM 87004
$2,219,130 USD
332-345-4202
585 NM-528, Bernalillo, NM for Sale
$2,219,130 USD
Restaurant - FOR SALE
1/5
null | 5.75% Cap Rate

585 NM-528
Bernalillo, NM 87004


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Ground Lease
  • Original 10-Year Lease
  • Rental Increases Of 10.00% Every Five (5) Years & Throughout Option Periods
  • 6,082 Square-Foot Building | Oversized 2.24- Acre Lot

OVERVIEW

Surmount is pleased to present the exclusive listing for a Chili’s located at 585 NM-528, Bernarillo (Albuquerque), NM 87004. The site consists of roughly 6,082 rentable square feet of building space on an estimated 2.24-acre parcel of land. This Checkers is subject to a 10-year Ground lease, which commenced 4/28/2015. The current annual rent is $127,600 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,219,130 USD

PRICE/SF

$365 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

-

APN/PARCEL ID

1-018-073-222-504

ASK ABOUT THIS PROPERTY

Judson KauffmanSurmountMore Info
332-345-4202

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

Judson KauffmanSurmountMore Info
332-345-4202

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