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Chili's 585 NM-528 6,082 SF Retail Building Bernalillo, NM 87004 $3,074,028 CAD ($505.43 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Ground Lease
- Rental Increases Of 10.00% Every Five (5) Years & Throughout Option Periods
- Original 10-Year Lease
- 6,082 Square-Foot Building | Oversized 2.24- Acre Lot
Executive Summary
Surmount is pleased to present the exclusive listing for a Chili’s located at 585 NM-528, Bernarillo (Albuquerque), NM 87004. The site consists of roughly 6,082 rentable square feet of building space on an estimated 2.24-acre parcel of land. This Checkers is subject to a 10-year Ground lease, which commenced 4/28/2015. The current annual rent is $127,600 and has scheduled increases of 10.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,082 SF
Building Class
B
Year Built
2015
Price
$3,074,028 CAD
Price Per SF
$505.43 CAD
Cap Rate
5.75%
NOI
$176,757 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.24 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-018-073-222-504 | Improvements Assessment | $0 CAD |
| Land Assessment | $326,074 CAD | Total Assessment | $326,074 CAD |
Property Taxes
Parcel Number
1-018-073-222-504
Land Assessment
$326,074 CAD
Improvements Assessment
$0 CAD
Total Assessment
$326,074 CAD
Contacts
-
Judson
Kauffman
-
Hannan
Ben Yosef
-
Matthew
Sorace
-
Christopher
Marks
-
Brian
Brockman
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Photos
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Presented by
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Chili's | 585 NM-528
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