Investment For Sale
NNN Investment Opportunity
SWQ Coors Blvd. & St. Josephs Dr. NW | Albuquerque, NM 87120
Details
- Category Investment
- Type For Sale
- Sale Price $3,882,350.00
- CAP Rate 4.25%
- Available Space ±7,825 SF
- Lot Size ±1.84 Acres
Description
NAI SunVista is pleased to offer the opportunity to acquire a brand-new construction, single-tenant Olive Garden in Albuquerque, NM. This ideal long-term investment features a ground lease with easily replaceable rent that appreciates over time, ensuring passive income with no landlord management. The Property is occupied by a corporate tenant, Darden Restaurant’s most prominent brand, the nation’s most dominant sit-down restaurant group, offering stable cash flow, attractive 10% rent increases every five years, and future-proofing through scheduled store renovations.
HIGHLIGHTS
- A brand new lease, a newly constructed building, and rent appreciation combine for an ideal investment
- Long lease term with 10% increases every 5 years and continuing in option periods
- The ground lease structure provides for a passive investment
- The corporate Tenant ensures a stable cash flow from the nation’s most dominant sit-down restaurant group
TENANT
Olive Garden
- 6 Locations in New Mexico
- 934 Locations Nationwide
- Started in 1982
RENT INCREASES
10% Increases Every 5 Years
LEASE TERM
10-Year Primary Term
RENEWAL OPTIONS
4 x 5-Year options
TRAFFIC COUNTS
±49,900 cars per day on Coors Blvd.
Documents
Listing Advisors
Retail, Investment Properties & Land & Industrial
Brett Hills
- Direct505.998.1648
- Office505.878.0001
- Mobile505.263.1781
- Emailbrett@sunvista.com