914 E Historic Highway 66 - Fast Food FOR SALE
Gallup, NM 87301 |
$2,869,565 USD
512-768-0380
914 E Historic Highway 66
Gallup, NM 87301
HIGHLIGHTS
- 15-year sale leaseback with zero landlord responsibilities.
- 10% rent increases every five years.
- Emerge, Inc. is an award-winning, growing operator with 185 units across four brands (40+ unit guarantee).
- Healthy rent-to-sales ratio (inquire for details)
- Located 0.5 miles from Hwy 40, a major east–west transcontinental interstate spanning 2,557 miles, the third-longest interstate highway in the country
- Positioned on Hwy 66, the main thoroughfare through Gallup.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 2,842 SF Taco Bell located at 914 East Highway 66 in Gallup, NM. This deal includes a long-term 15-year sale leaseback with zero landlord responsibilities and a healthy hedge against inflation with 10% rent increases every 5 years, providing for a secure investment.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
FOR SALE DETAILS
PRICE
$2,869,565 USD
PRICE/SF
$1,010 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell - Gallup, NM (914 E Hwy 66)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
57
LAND DETAILS
LAND ACRES
0.83 AC
LAND SF
36,039 SF
ZONING
-
APN/PARCEL ID
R038865,R196606,R199818
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512-768-0380
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512-768-0380
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