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Del Taco - Absolute NNN Lease 1500 SE Gibson Blvd 1,152 SF Retail Building Albuquerque, NM 87106 $2,095,000 ($1,818.58/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Newer 15 Yr. Absolute NNN Lease by Del Taco (NASDAQ: JACK) - 2023 Prototype Build
- Del Taco “#1 Fast Food Restaurant” in 2024 - Second Largest Fast Food Mexican Brand
- First Drive thru Only Del Taco in the Entire Country - Strong Initial Sales - Healthy RTS Ratio
- High Profile Site near University of New Mexico (30K+ Students) - Just Outside ABQ Airport
- 32nd Largest City in the Country - Large Migration Trends - Path of Population Growth (14%+)
- Replaceable Low Base Rent - Rent Bumps/5 Yrs.- Monument Signage - Strong Multi-Unit Operator
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant absolute NNN leased Del Taco in Albuquerque, NM. Del Taco was purchased 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, zero landlord responsibilities and 5% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come.
The newly constructed 1,152 SF building on 0.55-acre parcel is strategically positioned along the rapidly expanding Gibson Blvd retail corridor which sees over 38,600 VPD. Nearby retailers include Chick-fil-A, Raising Cane’s, Starbucks, Dutch Bros Coffee, Chili’s, Buffalo Wild Wings and more. Additionally, the subject property is within 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 only one mile away while the University of New Mexico with enrollment exceeding 21,900 is within half a mile (two miles to central campus).
The newly constructed 1,152 SF building on 0.55-acre parcel is strategically positioned along the rapidly expanding Gibson Blvd retail corridor which sees over 38,600 VPD. Nearby retailers include Chick-fil-A, Raising Cane’s, Starbucks, Dutch Bros Coffee, Chili’s, Buffalo Wild Wings and more. Additionally, the subject property is within 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 only one mile away while the University of New Mexico with enrollment exceeding 21,900 is within half a mile (two miles to central campus).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,152 SF
Building Class
B
Year Built
2023
Price
$2,095,000
Price Per SF
$1,818.58
Cap Rate
5.25%
NOI
$109,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
MX-L - Mixed Use - Low Intensity
Frontage
445’ on Gibson Boulevard Southeas
AMENITIES
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-015-056-208004-3-01-12 | Improvements Assessment | $139,986 |
| Land Assessment | $64,960 | Total Assessment | $204,946 |
PROPERTY TAXES
Parcel Number
1-015-056-208004-3-01-12
Land Assessment
$64,960
Improvements Assessment
$139,986
Total Assessment
$204,946
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Del Taco - Absolute NNN Lease | 1500 SE Gibson Blvd
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