8% CAP | Juan Diego's Net Leased Drive-Thru 4300 Coors Blvd SW

4300 Coors Blvd SW , Albuquerque, New Mexico, 87121 | 1,650 sq.f | $ 825,000

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About This Restaurant

Investment Highlights

Juan Diego's Stand-alone Drive-thru Building With Excellent Visibility, Access and Plentiful Parking? High Impact Corner Location - SEC of Coors Boulevard and Roseberry Road. Coors Blvd is the Primary North/south Thoroughfare in West Albuquerque Near Many Top Performing National Retailers and Quick Service Restaurants Opportunity to purchase a single-tenant asset with a 15-year lease with one 10-year option period to extend and 10% rent increase every five years Less Than 1/2 a Mile From Very Successful Las Estancias, An 80-acre Mixed Use Center and Anderson Farms Master Planned Community, a 300 Acre / 450 Hom Owner/Broker: Arizona licensed real estate agent(s) or broker(s) at Volk Company have an ownership interest in this property

Executive Summary

VOLK Company and NAI SunVista are pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute net leased, personal guaranteed, drive-thru Juan Diego?s Mexican Food investment property located in Albuquerque, New Mexico. The building was recently renovated in 2023 and the lease consists of an Absolute triple net lease with no landlord responsibilities.Based in Albuquerque, NM, Juan Diego?s Mexican Food, serves breakfast, lunch and dinner in a primarily drive-through setting. With over 20 years of restaurant experience, the principle?s of Juan Diego?s started Alberto?s in California, which later branched out to become Filiberto?s in Arizona.The subject property is well located on the SEC of Coors Boulevard and Roseberry Road, less than 1/4 mile from Las Estancias, a new Super Walmart anchored 80-acre retail development servicing southwest Albuquerque and Anderson Farms Master Planned Community, a 300 acre/450 home development. Property is in a densely populated area with over 121,000 people living within the three mile radius.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    1,650
  • Building Class    C
  • Year Built    1979
  • Price    825,000
  • Price Per SF    500
  • Cap Rate    8
  • NOI    66,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    0.50 AC

Amenities

  • Pylon Sign
  • Signage

Property Taxes

Parcel Number 1-010-052-367502-1-09-06 Improvements Assessment $29,697
Land Assessment $29,661 Total Assessment $59,358
Date Created: 2024-07-16 04:17:58 Last Updated: 2024-07-16 04:17:58
Address: 4300 Coors Blvd SW , Albuquerque, New Mexico, 87121