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241 98th NW st
Albuquerque, NM 87121
NNN Investment Opportunity · Retail Property For Sale
Executive Summary
- Brand-new lease and newly constructed improvements combine with scheduled rent growth to create a compelling long-term investment
- Long-term lease features 10% rent increases every five years, continuing throughout the option periods
- The ground lease structure provides for a passive investment
- Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands
- Long-term lease features 10% rent increases every five years, continuing throughout the option periods
- The ground lease structure provides for a passive investment
- Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,325 SF
Year Built
2026
Construction Status
Under Construction
Price
$5,601,276 CAD
Price Per SF
$2,409.15 CAD
Cap Rate
4.25%
NOI
$238,054 CAD
Percent Leased
100%
Building Height
1 Story
Property Taxes
| Parcel Number | 1-009-057-057146-3-06-11 | Improvements Assessment | $0 CAD |
| Land Assessment | $19,949 CAD | Total Assessment | $19,949 CAD |
Property Taxes
Parcel Number
1-009-057-057146-3-06-11
Land Assessment
$19,949 CAD
Improvements Assessment
$0 CAD
Total Assessment
$19,949 CAD
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