845 Juan Tabo Blvd NE - Fast Food FOR SALE


Albuquerque, NM 87123- Corte De Paz
$4,529,000 USD
949-412-1616
845 Juan Tabo Blvd NE, Albuquerque, NM for Sale
$4,529,000 USD
Fast Food - FOR SALE
1/6
null | 5.75% Cap Rate

845 Juan Tabo Blvd NE
Albuquerque, NM 87123
Corte De Paz


HIGHLIGHTS

  • 5,376 SF NNN retail property fully leased to El Pollo Loco, Jamba, and Xfinity/Comcast with drive-thru and fee simple ownership.
  • Prime hard-corner, signalized intersection with ±51K VPD featuring a freestanding drive-thru retail asset with strong visibility.
  • 100% leased with long-term NNN leases, providing passive management with tenants covering taxes, insurance, and CAM.
  • Leases include 10% rent escalations every 5 years, ensuring predictable income growth and long-term value.
  • Fee simple ownership of land and building with tax advantages, strong cash flow, and accelerated depreciation opportunities.
  • High-profile retail corridor at Juan Tabo & Lomas Blvd, Across from Albertson's, McDonalds and close proximity to Manzano High School.

OVERVIEW

NEW MEXICO BROKER OF RECORD ... ANTHONY JOHNSON ... Pegasus Group LLC ... License No. REC-2023-0376 Faris Lee Investments is pleased to present an exceptional opportunity to acquire a recently constructed freestanding, three-tenant NNN-leased retail building featuring a high-volume drive-thru in Albuquerque, New Mexico. The 5,376 SF property is 100% leased to a premier mix of nationally recognized brands, including El Pollo Loco (505+ locations), Jamba Juice (850+ locations), and Xfinity / Comcast (630+ locations). This investment offers a diversified income stream from established credit tenants under new, long-term triple-net leases. Designed for passive management and ease of ownership, the leases feature 10% rental escalations every five years, providing the investor with predictable, compounding cash flow and a strong hedge against inflation. The subject property is strategically located at the high-visibility, signalized hard-corner of Juan Tabo Blvd and Lomas Blvd, two major retail thoroughfares with over 51,000 vehicles per day. This 2025 newly constructed building includes a modern drive-thru design and updated HVAC, roof, and parking lot, minimizing near-term capital expenditure risk. Located in a prominent retail corridor, the asset is positioned directly across from a robust grocery draw in Albertsons, Chuze Fitness, Taco Bell, Burger King, and Circle K. The subject property is also adjacent to a top-tier McDonald’s location, capitalizing on a strong and established consumer draw. This prime positioning within a dominant commercial hub ensures high intrinsic real estate value and consistent consumer draws from surrounding national retailers. Benefiting from a robust demographic profile, the asset serves a dense population of over 117,000 residents and a massive daytime employment base of 100,000 workers within a 3-mile radius. The trade area is further bolstered by its proximity to Manzano High School, which brings over 1,400 students to the immediate vicinity on a daily basis. With average household incomes exceeding $88,000 within a 1-mile radius, the property is perfectly positioned to capture high-disposable income spending. This fee simple investment also offers significant tax advantages through cost segregation and accelerated depreciation, providing a secure, stable, and high-yielding asset in a high-growth location.

FOR SALE DETAILS

PRICE

$4,529,000 USD

PRICE/SF

$842 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New El Pollo Loco 3-Tenant NNN w/ Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

MX-M

APN/PARCEL ID

1-021-057-507515-1-19-22

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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