9600 Universe NW Blvd Albuquerque, NM 87114-6482

This exceptional investment opportunity presents a fee-simple interest in a Dutch Bros Coffee shop located at 9600 Universe Blvd NW, Albuquerque, NM 87114. The property, built in 2022, boasts 950 square feet and sits on a 1-story building. Currently operating at 100% occupancy, the property features a 12.5-year remaining lease term under an Absolute NNN lease structure, eliminating management responsibilities. The annual Net Operating Income (NOI) is $115,500, representing a compelling 5.50% capitalization rate. This represents a lower-than-average rent for comparable fee-simple Dutch Bros. properties, which average approximately $130,800 annually. The strong financial performance is further supported by Dutch Bros Coffee's robust growth trajectory, with revenue exceeding $913 million in 2023 and projected to reach $1.23 billion in 2024. The location benefits from affluent demographics, with approximately 66,464 residents and an average household income of $119,770 within a 3-mile radius. Daily traffic is substantial, with approximately 14,000 vehicles passing on Universe Blvd daily and a workday population of approximately 39,943 employees within a 3-mile radius. The property's strategic location within a strong retail corridor, adjacent to Walgreens, Dollar Tree, Subway, Blake's LotaBurger, and Taco Bell, contributes to its high visibility and accessibility. Annual consumer retail spending within a 3-mile radius totals approximately $635.2 million. The area also benefits from a significant student population, with four elementary/middle schools and Volcano Vista High School nearby. Central New Mexico Community College West campus is also within close proximity. This is a rare opportunity to acquire a high-performing, low-management, fee-simple investment property backed by a strong corporate guarantee. Asking price is $2,100,000.