Investment Highlights
Property includes a Dutch Bros Absolute (NNN) Ground Lease with a 15-year primary term
125,266 population with a $101,503 AHHI in 3-mile radius | 105,673 employees within a 5-mile radius
Lowes, Albertsons, Walmart Neighborhood Grocer, and other national brand retailers located nearby the Property
New Dutch Bros building with double lane drive - opening December 2023
Juan Tabo Blvd NE arterial frontage (29,773 CPD); Tramway Blvd NE / SR 556 within 1? mile (28,067 CPD)
Albuquerque-Santa Fe MSA has a population is 955,000 with 562,600 living within the city limits of Albuquerque, the most populous city in the state
Executive Summary
Accelerated Albuquerque Juan Tabo LLC (an entity controlled by Accelerated Development Services LLC) is pleased to offer this Dutch Bros Coffee absolute (NNN) Ground Lease investment property located at 2501 Juan Tabo Blvd NE, Albuquerque, NM 87112 (the ?Property?). Dutch Bros Coffee is constructing a new +/- 950 SF single tenant drive-thru building on the 23,117 SF Property with a target store opening in December 2023. With a 15-year primary lease term, this offering presents an excellent opportunity for an investor to acquire an income producing commercial property with a NYSE listed high-growth QSR industry-leading tenant that has mastered the drive-thru business model of serving coffee and assorted energy drinks to on-the-go customers. Albuquerque-Santa Fe MSA has a population is 955,000 with 562,600 people living within the City of Albuquerque (?ABQ?), the most populous city in the State of New Mexico. ABQ?s economic sectors include aerospace and defense technology, advanced sciences, healthcare, smart community technologies, TV & Films, education and digital media enterprises. Intel, Sandia National Laboratories, University of New Mexico (21,982 students), Kirtland Airforce Base, Raytheon, Honeywell Aerospace, and Presbyterian Healthcare Services are amongst ABQ?s largest employers. Netflix and NBC Universal are active TV & Film producers in the area. There are 15,574 companies with 105,673 employees operating within 5-miles of the Property. The Property benefits from its street frontage location on Juan Tabo Blvd NE, an arterial roadway carrying 29,773 CPD and being within 1.5 miles from Tramway Blvd NE / SR 556 (28,067 CPD). Within a 3-mile radius of the Property, the population is 125,266 with an AHHI of $101,503 and median age of 43.1 years. 5,741 middle and high school students attend classes in the local trade area. Lowes, Albertsons, Walmart Neighborhood Grocer, and other national retailers located nearby the Property draw many daily needs customers to the immediate trade area. The new Dutch Bros Coffee at the Property will further energize the local area market.
