New El Pollo Loco 3-Tenant NNN w/ Drive-Thru 845 Juan Tabo Blvd NE 5,376 SF 100% Leased Retail Building Albuquerque, NM 87123 $4,529,000 ($842.45/SF) 5.75% Cap Rate

NEW MEXICO BROKER OF RECORD ... ANTHONY JOHNSON ... Pegasus Group LLC ... License No. REC-2023-0376
Faris Lee Investments is pleased to present an exceptional opportunity to acquire a recently constructed freestanding, three-tenant NNN-leased retail building featuring a high-volume drive-thru in Albuquerque, New Mexico. The 5,376 SF property is 100% leased to a premier mix of nationally recognized brands, including El Pollo Loco (505+ locations), Jamba Juice (850+ locations), and Xfinity / Comcast (630+ locations). This investment offers a diversified income stream from established credit tenants under new, long-term triple-net leases. Designed for passive management and ease of ownership, the leases feature 10% rental escalations every five years, providing the investor with predictable, compounding cash flow and a strong hedge against inflation.
The subject property is strategically located at the high-visibility, signalized hard-corner of Juan Tabo Blvd and Lomas Blvd, two major retail thoroughfares with over 51,000 vehicles per day. This 2025 newly constructed building includes a modern drive-thru design and updated HVAC, roof, and parking lot, minimizing near-term capital expenditure risk. Located in a prominent retail corridor, the asset is positioned directly across from a robust grocery draw in Albertsons, Chuze Fitness, Taco Bell, Burger King, and Circle K. The subject property is also adjacent to a top-tier McDonald’s location, capitalizing on a strong and established consumer draw. This prime positioning within a dominant commercial hub ensures high intrinsic real estate value and consistent consumer draws from surrounding national retailers.
Benefiting from a robust demographic profile, the asset serves a dense population of over 117,000 residents and a massive daytime employment base of 100,000 workers within a 3-mile radius. The trade area is further bolstered by its proximity to Manzano High School, which brings over 1,400 students to the immediate vicinity on a daily basis. With average household incomes exceeding $88,000 within a 1-mile radius, the property is perfectly positioned to capture high-disposable income spending. This fee simple investment also offers significant tax advantages through cost segregation and accelerated depreciation, providing a secure, stable, and high-yielding asset in a high-growth location.