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4900 Central Ave SE
Albuquerque, NM 87108
High Traffic Drive Thru Opportunity · Retail Property For Sale
Executive Summary
Colliers is pleased to present the opportunity to acquire a Wendy’s-leased investment property located along Albuquerque’s historic Route 66 corridor. The offering consists of a ±2,413 SF freestanding drive-thru building situated on approximately 0.75 acres. Although Wendy’s is not currently operating at the property, the tenant is fully current and continues to pay rent monthly under an absolute triple-net lease with approximately 11 years remaining. The lease provides for 10% rental increases every five years, with the next increase anticipated in approximately 18 months and another approximately five years thereafter.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,413 SF
Building Class
C
Year Built
1977
Price
$1,309,993 CAD
Price Per SF
$542.89 CAD
Cap Rate
11.31%
NOI
$148,098 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.34 AC
Zoning
MX-M
Frontage
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 1-017-057-422180-4-27-03 | Improvements Assessment | $175,476 CAD |
| Land Assessment | $37,917 CAD | Total Assessment | $213,392 CAD |
Property Taxes
Parcel Number
1-017-057-422180-4-27-03
Land Assessment
$37,917 CAD
Improvements Assessment
$175,476 CAD
Total Assessment
$213,392 CAD
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