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Red Robin - Albuquerque, NM 10009 Coors Blvd NW 6,157 SF Retail Building Albuquerque, NM 87114 $6,976,000 CAD ($1,133.02 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 7+ Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities | Proven 24+ Year Occupancy History
- Corporately Guaranteed By Red Robin Gourmet Burgers and Brews (NASDAQ: RRGB). Red Robin Has Over 500 Locations in the United States
- Strategically Placed as an Outparcel of Cottonwood Mall, the Second Largest Mall in New Mexico, With 1,041,680 SQFT of Leasable Area
- 10% Rent Increases Every 5 Years, Providing a Healthy Hedge Against Inflation (Next Increase - June 2026)
- Strong and Growing Demographics: Population of Over 191,301 People and Average Household Income of Over $108,454 Within a 5-Mile Radius
- Located Directly Off of Coors Blvd NW, Which Sees Over 72,000 Vehicles Per Day
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,157 SF Red Robin Located at 10009 Coors Blvd NW in Albuquerque, NM. This Deal Includes a 7+ Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and 10% Rent Increases Every 5 Years, Providing a Healthy Hedge Against Inflation (Next Increase - June 2026), Providing For a Secured 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
Property Type
Retail
Property Subtype
Building Size
6,157 SF
Building Class
B
Year Built
2001
Price
$6,976,000 CAD
Price Per SF
$1,133.02 CAD
Cap Rate
6%
NOI
$418,560 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.51 AC
Zoning
SU-1 - City of Albuquerque:
MX-M (Mixed-Use, Moderate Intensity)
Parking
75 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Red Robin
- Accommodation and Food Services
- 6,157 SF
- $67.99 CAD
- May 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Red Robin | Accommodation and Food Services | 6,157 SF | $67.99 CAD | May 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-014-065-061200-2-01-06 | Improvements Assessment | $348,477 CAD |
| Land Assessment | $318,712 CAD | Total Assessment | $667,190 CAD |
PROPERTY TAXES
Parcel Number
1-014-065-061200-2-01-06
Land Assessment
$318,712 CAD
Improvements Assessment
$348,477 CAD
Total Assessment
$667,190 CAD
CONTACTS
-
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Andrew Ackerman -
Sands Investment Group Austin, LLC
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Red Robin - Albuquerque, NM | 10009 Coors Blvd NW
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