Burger King & Jersey Mike's Ground Lease | 18 Years Remain

Retail-Commercial for Sale
Catylist Listing ID: 30626086
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 4,300 SF
Gross Building Area: See Agent
Gross Land Area: 1.28 Acres
Sale Price: $1,600,000
Unit Price: $372.09 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 7/9/2020

Overview / Comments

» Absolute Triple-Net (NNN) Ground Lease with 18 Years Remaining
» Multi-Unit Franchisee (15 Units)
» 10% Rental Increases Every 5 Years
» One Parcel with Two Separate Buildings and Drive-Thrus
» 35,424 Residents in Growing Los Lunas Trade Area - Albuquerque MSA
» Excellent Visibility Along Main Street NW - 25,000+ Cars/Day
» Situated in Dense Retail Corridor - Lowes, The Home Depot, Walmart, Harbor Freight Tools, McDonald's, Planet Fitness, Walgreens, and More
» Less Than 1 Mile Off the Interstate 25, Offering Direct Access to Albuquerque
» Average Household Income Exceeds $69,000 in Immediate Area
» Walking Distance from Los Lunas High School (1,200 Students)

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Tax ID/APN: R223429

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,760 17,604 35,301
Median Age: 35.72 38.8 39.44
Households: 2,180 6,212 12,756

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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