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Taco Bell - Gallup, NM (914 E Hwy 66) 914 E Historic Highway 66 2,842 SF Retail Building Gallup, NM 87301 $2,869,565 ($1,009.70/SF) 5.75% Cap Rate
Investment Highlights
- 15-year sale leaseback with zero landlord responsibilities.
- Emerge, Inc. is an award-winning, growing operator with 185 units across four brands (40+ unit guarantee).
- Located 0.5 miles from Hwy 40, a major east–west transcontinental interstate spanning 2,557 miles, the third-longest interstate highway in the country
- 10% rent increases every five years.
- Healthy rent-to-sales ratio (inquire for details)
- Positioned on Hwy 66, the main thoroughfare through Gallup.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,842 SF Taco Bell located at 914 East Highway 66 in Gallup, NM. This deal includes a long-term 15-year sale leaseback with zero landlord responsibilities and a healthy hedge against inflation with 10% rent increases every 5 years, providing for a secure investment.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,842 SF
Year Built
2000
Price
$2,869,565
Price Per SF
$1,009.70
Cap Rate
5.75%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.83 AC
Parking
57 Spaces (20.06 Spaces per 1,000 SF Leased)
Frontage
140’ on East Historic Highway 66
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Taco Bell
- Accommodation and Food Services
- 2,842 SF
- $58.06
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Taco Bell | Accommodation and Food Services | 2,842 SF | $58.06 | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $126,935 | |
| Land Assessment | $54,997 | Total Assessment | $181,932 |
Property Taxes
Parcel Numbers
Land Assessment
$54,997
Improvements Assessment
$126,935
Total Assessment
$181,932
Contacts
-
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Andrew Ackerman -
Sands Investment Group Austin, LLC
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Taco Bell - Gallup, NM (914 E Hwy 66) | 914 E Historic Highway 66
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