1500 Gibson Blvd SE Albuquerque, NM 87106
NNN leased Del Taco with over 13 years remaining.
Type:Retail
Property size:
1,152 SFLot size:
0.55 Acres- Added:
- Oct 15, 2024
- Days on Market:
- 548
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1500 Gibson Blvd SE
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Lot size
- 0.55 Acres
- Property subtype
- Retail
Listing agent Eric Carlton License #CA 01809955
Listing office Colliers - Los Angeles - Orange County, California
Listing date Oct 15, 2024
Source Crexi
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 Colliers - Los Angeles - Orange County, California
Overview
Del Taco NNN Investment Opportunity
This single-tenant property in Albuquerque, NM, is leased to Del Taco, which was acquired by Jack in the Box Inc. (NASDAQ: JACK) in 2022 and operates over 590 locations across 15 states. The absolute triple net lease has over 13.4 years remaining in the primary term, with two 5-year option periods and zero landlord responsibilities. Rental increases of 5% occur every 5 years. The newly constructed 1,152 SF building is situated on a 0.55-acre parcel along Gibson Blvd, which sees over 38,600 vehicles per day. The property is near Chick-fil-A, Raising Cane’s, Starbucks, Dutch Bros Coffee, Chili’s, and Buffalo Wild Wings. It is also located in close proximity to the Albuquerque International Airport and the University of New Mexico Campus. Albuquerque International Sunport (ABQ), which sees over 5 million passengers annually and 418 flights daily, is one mile away, while the University of New Mexico with enrollment exceeding 21,900 is within half a mile (two miles to central campus).
Location Intelligence
Current Use by Public Records
Del Taco
Restaurant
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.6303202
- Latitude
- 35.0577339
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - NNN leased Del Taco with over 13 years remaining.
Where is this drive through restaurant located?
The property is located at 1500 Gibson Blvd SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Absolute NNN lease with over 13.4 years remaining and zero landlord responsibilities, providing passive income.; Corporate tenant: Del Taco, owned by Jack in the Box Inc. (NASDAQ: JACK).; 5% rental increases every 5 years.
