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SWC Coors and Saint Josephs
Albuquerque, NM 87120
NNN Investment Opportunity · Land For Sale
·
1.84 AC
Investment Highlights
- A brand new lease, a newly constructed building, and rent appreciation combine for an ideal investment
- The ground lease structure provides for a passive investment
- Long lease term with 10% increases every 5 years and continuing in option periods
- The corporate Tenant ensures a stable cash flow from the nation’s most dominant sit-down restaurant group
Executive Summary
NAI SunVista is pleased to offer the opportunity to acquire a brand-new construction, single tenant Olive Garden in Albuquerque, NM. This ideal long-term investment features a ground lease with easily replaceable rent that appreciates over time, ensuring passive income with no landlord management. The Property is occupied by a corporate tenant, Darden Restaurant’s most prominent brand, the nation’s most dominant sit-down restaurant group, offering stable cash flow, attractive 10% rent increases every five years, and future-proofing through scheduled store renovations.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Restaurant |
| Property Type | Land | Total Lot Size | 1.84 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Restaurant |
| Total Lot Size | 1.84 AC |
1 Lot Available
Lot
| Price | $5,281,199 CAD | Lot Size | 1.84 AC |
| Price Per AC | $2,870,217.05 CAD |
| Price | $5,281,199 CAD |
| Price Per AC | $2,870,217.05 CAD |
| Lot Size | 1.84 AC |
±7,825 SF Building Under Construction on ±1.84 Acres
Description
ADDRESS SWQ Coors Blvd. & St. Josephs Dr. NW Albuquerque, NM 87120 TENANT Olive Garden: - 6 Locations in New Mexico - 934 Locations Nationwide - Started in 1982 SALE PRICE $3,882,350 CAP RATE 4.25% RENT INCREASES 10% Increases Every 5 Years LEASE TERM 10-Year Primary Term RENEWAL OPTIONS 4 x 5-Year options BUILDING/LOT SIZE ±7,825 SF Building Under Constructionon ±1.84 Acres TRAFFIC COUNTS ±49,900 cars per day on Coors Blvd.
Property Taxes
| Parcel Number | 1-011-060-224359-2-14-02 | Improvements Assessment | $0 CAD |
| Land Assessment | $125,453 CAD | Total Assessment | $125,453 CAD |
Property Taxes
Parcel Number
1-011-060-224359-2-14-02
Land Assessment
$125,453 CAD
Improvements Assessment
$0 CAD
Total Assessment
$125,453 CAD
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