2550 Central Ave SE
Albuquerque, NM 87106
Retail Property For Sale

URBAN INFILL DEMOGRAPHICS - Daytime Population over 193,000 within 3 miles of subject property STRONG SALES PROJECTIONS - Starbucks building is larger than standard prototype to accommodate high sales projections and Freddy´s has an additional walk up window. Both Tenants have large outdoor seating patios (contact broker for details) ADJACENT TO UNIVERSITY OF NEW MEXICO CAMPUS & STUDENT HOUSING - 26,000+ students, Across the street and walking distance to UNM student housing, New Mexico’s Flagship University with 12 colleges and schools, 215 degrees including 71 masters and doctoral degrees America’s #3 ranked School of Medicine (reference US News & World Reports “America’s Best Graduate Schools for 2018) CENTRAL NEW MEXICO COMMUNITY COLLEGE - 1 mile South of subject property, 30,000+ students HEAVY TRAFFIC / ALBUQUERQUE'S MAIN CORRIDOR - Over 35,000 cars per day, Central Avenue has historically served as the city’s main east west corridor and was part of the original US Route 66 RECESSION AND AMAZON RESISTANT TENANCIES - 26,000+ student body population along with faculty and employee customer bases provide a consistent and inelastic demand of consumer spending for coffee and quick service food items sold by both Starbucks and Freddy’s TWO NATIONAL QSR TENANTS ON LONG-TERM LEASES - 10 year NNN lease with Starbucks: (S&P A-), 15 year NNN lease with Freddy’s: 282+ national locations – Strong Franchisee with personal guarantee over $50 Million RENTAL INCREASES - 10% escalation every 5 years in both leases PASSIVE INCOME STREAM - Minimal landlord responsibilities provided by Leases, construction design and transferrable warranties (contact broker for details)