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Taco Cabana 3301 Coors Blvd NW 3,588 SF Retail Building Albuquerque, NM 87120 $1,741,000 ($485.23/SF) 6% Cap Rate
Investment Highlights
- ±7 Years Remaining on Absolute NNN Lease with Taco Cabana Franchisee (6 Units in Albuquerque)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options - Next Increase Occurs on January 1, 2030
- Taco Cabana is an Established Texas Chain, Operating ±150 Locations
- Tenant has Operated at the Site for 22 Years, Showing Commitment to the Site
- Ranked as the #1 Taco Cabana Site in New Mexico and #3 of All Taco Cabana Sites Nationwide per Placer.ai
- Densely-Populated Albuquerque Trade Area - ±193,239 Residents within a 5-Mile Radius
Executive Summary
Taco Cabana specializes in Mexican-inspired food, including breakfast, lunch and dinner tacos, dozen taco boxes, fajitas, quesadillas, burritos, freshly made flour tortillas, and a selection of made-from-scratch salsas and sauces.
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
3,588 SF
Building Class
B
Year Built/Renovated
1986/2004
Price
$1,741,000
Price Per SF
$485.23
Cap Rate
6%
NOI
$104,485
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.87 AC
Parking
44 Spaces (11.74 Spaces per 1,000 SF Leased)
Frontage
344’ on Coors Blvd
Amenities
- Pylon Sign
- Restaurant
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-011-060-234133-3-08-03 | Improvements Assessment | $58,797 |
| Land Assessment | $93,188 | Total Assessment | $151,985 |
Property Taxes
Parcel Number
1-011-060-234133-3-08-03
Land Assessment
$93,188
Improvements Assessment
$58,797
Total Assessment
$151,985
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Contact the Sale Advisor
Taco Cabana | 3301 Coors Blvd NW