Blake's Lotaburger Ground Lease
|Catylist Listing ID:
Free-Standing Building, Restaurant
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN)
||Cash to Seller
Overview / Comments
- 20 Year Absolute Triple-Net (NNN) Ground Lease | 16+ Years Remaining
- Attractive Rent Increases | 10.0% Every 5 Years
- Corporate Tenant | 93 Locations
Marcus & Millichap is pleased to present the exclusive listing for a Blake’s Lotaburger located at 4121 Coors Blvd NW in Albuquerque, NM. The property consists of approximately 2,000 square feet of building space and is situated on approximately 1.02 acres of land. The property is subject to a 20-year Absolute NNN ground lease. The rent is $92,400 starting 8/1/2021 and there are 10.0% increases every 5 years. The increases will continue through the four, five-year tenant renewal options.
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