1500 Gibson Blvd Albuquerque, NM 87106
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Albuquerque, NM QSR Net Lease
Property size:
1,152 SFProperty Features for 1500 Gibson Blvd
General Information
- Property type
- Restaurants
- Square Feet
- 1,152 SF
- Lot Size
- 23,958 SF
Listing Agency: Colliers Listing Agent: Eric Carlton
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 1,152 square foot Del Taco restaurant in Albuquerque, New Mexico. The property boasts a 14-year remaining lease term (with two 5-year options) under an absolute NNN lease structure, ensuring minimal landlord responsibilities. The lease commenced October 16, 2023, and features 5% rental increases every five years, providing predictable and growing passive income. The building, constructed in 2023, sits on a 0.55-acre lot and enjoys a prime location on Gibson Blvd SE, a high-traffic retail corridor with over 38,600 vehicles per day. Nearby businesses include well-known national chains, enhancing visibility and foot traffic. The property's proximity to Albuquerque International Sunport (within one mile) and the University of New Mexico (within half a mile) further strengthens its appeal. The property's strong financial performance is reflected in its $110,000 annual net operating income (NOI) and a 5.00% cap rate. The asking price is $2,200,000. This is a rare opportunity to acquire a well-located, high-performing, and low-maintenance investment property with significant long-term growth potential. The property's strategic location and strong tenant covenant make it an ideal addition to any diversified investment portfolio.
Property Profile
Location Intelligence
Current Use by Public Records
Del Taco
Restaurant
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.6331907
- Latitude
- 35.0586026
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FAQs
What type of property is this?
Restaurant - Albuquerque, NM QSR Net Lease
Where is this restaurant located?
The property is located at 1500 Gibson Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 1,152 SF Del Taco Restaurant on a 0.55-acre lot with a 14-year NNN lease (plus two 5-year options) and 5% rent increases every five years.; High-profile location on Gibson Blvd SE in Albuquerque, NM, a high-traffic corridor (38,600+ VPD), near UNM and Albuquerque International Sunport.; 2023-built Del Taco, the first drive-thru-only location nationwide, boasting strong initial sales and a healthy rent-to-sales ratio.
