Absolute NNN Leased Diner
For Sale
$2,521,000
1620 Towne Center Lane SE, Albuquerque, NM 87106
Absolute NNN leased Denny’s property in Albuquerque with over 7 years remaining and extension options.
Days on Market74
Property Features for 1620 Towne Center Lane SE
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2014
Listing Agency:
SRS Real Estate Partners Newport Beach
(714) 878-6004
Listed By:
Nick Cartus · License #01912215
(714) 878-6004
Source:
Srsre
Added: May 18
Changed: Jul 22
Last Checked: Jul 30 at 2:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease is offering the fee simple interest (land and building ownership) in an absolute NNN leased Denny’s investment property. The property is leased to New Mexico’s Best Diner, LLC, which has over 7 years remaining on the lease term. The lease includes four (5-year) options to extend. Rental payments include 10% rental increases every 5 years throughout the initial term and at the beginning of each option period.
The investment is located at 1620 Towne Center Lane SE, Albuquerque, New Mexico. The lease is structured as absolute NNN with zero landlord responsibilities, positioning it as a hands-off ownership profile for the land and building.
The investment is located at 1620 Towne Center Lane SE, Albuquerque, New Mexico. The lease is structured as absolute NNN with zero landlord responsibilities, positioning it as a hands-off ownership profile for the land and building.
Key Highlights
- Absolute NNN leased Denny’s investment property in Albuquerque, New Mexico (fee simple: land & building).
- Tenant New Mexico’s Best Diner, LLC has over 7 years remaining on the lease term.
- Lease includes 4 (5‑year) extension options for continued term beyond the initial lease period.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
313k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 8%
Hotels & Casinos 5%
Raising Cane's Chicken Fingers
Dining
53,299 visits/mo
0.2 miles
Chick-fil-A
Dining
49,400 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
27,633 visits/mo
0.4 miles
Starbucks
Dining
17,587 visits/mo
0.3 miles
Dion's Pizza
Dining
17,537 visits/mo
0.1 miles
Demographics for 87106, NM
26,987
Population
13,893
Households
1.9
Avg Household Size
32
Median Age
53%
College-Educated
91%
High-School Grad
35.8 sq mi
ZIP Area
754
Density / Sq Mi
$51,079
Median Household Income
$29,393
Median Earnings
$904
Median Rent
$332,100
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
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Similar Off Market Nearby
- Denny's — 1620 Towne Ctr Ln SE, Albuquerque, NM 87106
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Absolute NNN leased Denny’s property in Albuquerque with over 7 years remaining and extension options.
Where is this breakfast & diner located?
The property is located at 1620 Towne Center Lane SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,521,000.
What are key features of this property?
This property features: Absolute NNN leased Denny’s investment property in Albuquerque, New Mexico (fee simple: land & building).; Tenant New Mexico’s Best Diner, LLC has over 7 years remaining on the lease term.; Lease includes 4 (5‑year) extension options for continued term beyond the initial lease period.
