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NNN Investment Opportunity 241 98th NW st 2,325 SF 100% Leased Retail Building Albuquerque, NM 87121 $4,117,647 ($1,771.03/SF) 4.25% Cap Rate
Executive Summary
- Brand-new lease and newly constructed improvements combine with scheduled rent growth to create a compelling long-term investment
- Long-term lease features 10% rent increases every five years, continuing throughout the option periods
- The ground lease structure provides for a passive investment
- Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands
- Long-term lease features 10% rent increases every five years, continuing throughout the option periods
- The ground lease structure provides for a passive investment
- Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,325 SF
Year Built
2026
Construction Status
Under Construction
Price
$4,117,647
Price Per SF
$1,771.03
Cap Rate
4.25%
NOI
$175,000
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-009-057-057146-3-06-11 | Improvements Assessment | $0 |
| Land Assessment | $14,665 | Total Assessment | $14,665 |
Property Taxes
Parcel Number
1-009-057-057146-3-06-11
Land Assessment
$14,665
Improvements Assessment
$0
Total Assessment
$14,665
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NNN Investment Opportunity | 241 98th NW st