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Taco Bell - Gallup, NM (E Hwy 66) 914 E Highway 66 2,842 SF Retail Building Gallup, NM 87301 $4,187,760 CAD ($1,473.53 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long Term 15-Year Sale Leaseback With Zero Landlord Responsibilities
  • Emerge Inc is an Award Winning and Growing Operator With 185- Units Across Four Brands (40+ Unit Guaranty)
  • 0.5-Miles From Hwy 40; a Major East-West Transcontinental Interstate That Spans 2,557 Miles
  • Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years
  • Strong Sales Performance With Healthy Rent to Sales Ratio (Inquire For Details)
  • Located on Hwy 66; the Main Throughfare Through Gallup

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,842 SF Taco Bell Located at 914 East Highway 66 in Gallup, NM. This Deal Includes a Long Term 15-Year Sale Leaseback With Zero Landlord Responsibilities and Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years, Providing For a Secure Investment.

In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,842 SF
Building Class
C
Year Built
2000
Price
$4,187,760 CAD
Price Per SF
$1,473.53 CAD
Cap Rate
5.50%
NOI
$230,327 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.83 AC
Opportunity Zone
Yes

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Taco Bell
  • Retailer
  • 2,842 SF
  • -
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Taco Bell Retailer 2,842 SF - Triple Net -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R187933
Land Assessment
$44,752 CAD
Improvements Assessment
$26,493 CAD
Total Assessment
$71,246 CAD
  • Listing ID: 33636134

  • Date on Market: 2024-10-25

  • Last Updated:

  • Address: 914 E Highway 66, Gallup, NM 87301

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