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Burger King - High Performing Location 3221 Coors Blvd NW 2,210 SF Retail Building Albuquerque, NM 87120 $1,141,000 ($516.29/SF) 5.25% Cap Rate
Investment Highlights
- Absolute NNN Lease with Multi-Unit Burger King Franchisee (±20 Locations)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Subject Property is Ranked in the Top 7% of Burger Kings Nationwide, per Placer.ai
- Tenant has Operated at the Site for 17 Years - Recently Remodeled in 2023
- Densely-Populated Albuquerque Trade Area - ±193,239 Residents within a 5-Mile Radius
- Located Along a Busy Retail Corridor, Anchored by The Home Depot, Planet Fitness, and Walmart Supercenter
Executive Summary
Founded in 1954, the Burger King brand is the second-largest fast food hamburger chain in the world. The original Home of the Whopper, the Burger King system operates more than 19,700 locations in more than 120 markets.
As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment.
As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,210 SF
Building Class
C
Year Built/Renovated
2009/2023
Price
$1,141,000
Price Per SF
$516.29
Cap Rate
5.25%
NOI
$59,895
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Parking
20 Spaces (9.05 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Drive Thru
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-011-060-229105-3-08-07 | Improvements Assessment | $111,204 |
| Land Assessment | $66,904 | Total Assessment | $178,108 |
Property Taxes
Parcel Number
1-011-060-229105-3-08-07
Land Assessment
$66,904
Improvements Assessment
$111,204
Total Assessment
$178,108
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Burger King - High Performing Location | 3221 Coors Blvd NW