4300 Coors SW Blvd Albuquerque, NM 87121-5324

Property Details for 4300 Coors SW Blvd

Year built

1979

Lot size

0.47 lot acres

Property size

1,611 SF

Property type

Turn key restaurants

APN

1-010-052-367-502-1-09-06

APU

101005236750210906

Description

This exceptional investment opportunity presents the fee simple interest in a thriving Albuquerque restaurant. The 1,650 square foot, single-story building, constructed in 1979 and fully renovated in 2023, sits on a 0.47-acre lot and is currently 100% occupied by Juan Diego's Mexican Food under a 15.2-year absolute triple net (NNN) lease commencing January 1, 2024, and expiring March 20, 2039. The lease features a substantial remaining term of 14.3 years and includes a 10% rent increase every five years, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $66,000, resulting in a compelling 10.15% cap rate and a price per square foot of $393.94. Located at 4300 Coors Blvd SW, Albuquerque, NM 87105, in a C-1 zoned area, this property benefits from high visibility on Coors Blvd, with approximately 20,000 vehicles passing daily. Its proximity to the Las Estancias retail center further enhances its appeal. The land value alone is $439.40 per square foot. This is a secure, long-term investment with significant growth potential in a prime location, offering a proven operator with over 20 years of experience in the restaurant industry. The tenant, Juan Diego's Mexican Food, is a family-run establishment known for its authentic Mexican cuisine and strong customer base. The property offers a rare combination of long-term stability, strong cash flow, and significant upside potential.