1500 Gibson Blvd SE Albuquerque, NM 87106

Listing office Colliers - Los Angeles - Orange County, California Show Phone

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

Report an issue

---

Investment Insights

Based on property information with market context.

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).

Key Highlights

• 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.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $7,250,000

  16,104 SF

  Prime Albuquerque Retail Portfolio

  Two-parcel retail portfolio at a high-traffic Albuquerque intersection.

  4340 San Mateo Boulevard NE, Albuquerque, NM 87110

  View Details
• 

  $579,000

  4,300 SF

  Nine-Unit Multifamily Property

  For-sale nine-unit multifamily asset near the State Fair grounds, offered with scheduled tour and offer dates.

  6720 Cochiti Road SE, Albuquerque, NM 87108

  View Details
• 

  $460,000

  3,590 SF

  Assisted Living Residential Facility

  Turnkey assisted living configuration with multiple living areas, bedrooms, and practical support spaces.

  7621 Prospect Avenue NE, Albuquerque, NM 87110

  View Details
• 

  $950,000

  9,100 SF

  Albuquerque Multifamily Investment Opportunity

  Seven updated townhome-style apartments with condo conversion potential.

  3505 Lafayette Drive NE, Albuquerque, NM 87107

  View Details
• 

  $1,793,434

  16,020 SF

  Soft-Gated Multifamily Community

  Well-maintained apartments with modern upgrades, secured outdoor areas, and a large community laundry room with free machines.

  8600 Zuni Road SE, Albuquerque, NM 87108

  View Details
• 

  $641,829

  4,194 SF

  Albuquerque Fourplex with Laundry

  Fourplex with two-bedroom units and in-unit laundry.

  3609 Wellesley Drive NE, Albuquerque, NM 87107

  View Details
• 

  $549,999

  4,465 SF

  Multi-Family Property with Four Units

  For-sale multi-family with four heated/cooled units, recent HVAC and electrical/plumbing upgrades, and current vacancy.

  3102 Rosendo Garcia Road SW, Albuquerque, NM 87105

  View Details
• 

  $795,000

  Climate-Controlled Warehouse with Bay Door

  Warehouse includes a climate-controlled work area with a 12' bay door and configurable office and living space upstairs.

  8612 PASEO ALAMEDA NE, Albuquerque, NM 87113

  View Details
• 

  $528,895

  3,816 SF

  Quadplex Residential Income Property

  Four-unit residential income property offered for sale in Albuquerque’s 87106 area.

  1928 Buena Vista Drive SE, Albuquerque, NM 87106

  View Details
• 

  $619,887

  2,670 SF

  UNM Area Apartment Complex

  Eight-unit apartment complex near UNM, CNM, and Presbyterian Hospital.

  2104 Lead Avenue SE, Albuquerque, NM 87106

  View Details
• 

  $619,900

  1,613 SF

  Restored Adobe Duplex Property

  Own two lovingly restored adobe homes with updated kitchens and baths, currently operating as short-term rentals.

  1913 Lomas Boulevard NW, Albuquerque, NM 87104

  View Details
• 

  $1,008,490

  4,805 SF

  Updated 7-Unit Apartment Compound

  For sale includes a four-plex and tri-plex packaged on two parcels at 1003–1005 Carlisle Boulevard SE.

  1003-1005 Carlisle Boulevard SE, Albuquerque, NM 87106

  View Details

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.