1500 Gibson Blvd Albuquerque, NM 87106
- Retail properties
- 1,152 SF
- 0.55 lot acres
Current Use by Public Records
- Del Taco / American Restaurant / Breakfast Restaurant
Property Details for 1500 Gibson Blvd
- Lot size
- 0.55 lot acres
- Property size
- 1,152 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.633
- Latitude
- 35.0586
