Gibson Blvd SE & Alumni Drive Southeast, NM
Price:
$2,965,000
Cap Rate:
4.25%
NOI:
$126,000
Building Size:
Approx. 3,181 Sq. Ft.
Lot Size:
Approx. 1.29 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2024 Construction. 3,181+/- SF Building on 1.29+/- Acre Site
- Brand New 15-Year Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years
- High Traffic Location w/ Great Visibility: Located on NEC of Gibson Blvd & Alumni Dr (40,000+ VPD), Right off I-25 (97,600+ VPD)
- Rare Major College Campus Location: Adjacent to University of New Mexico Campus (22,852 Students Enrolled)
- Less Than One Mile From Albuquerque International Sunport – New Mexico’s Largest Commercial Airport (5M+ Passengers/Year)
- Raising Cane’s is the Nation’s Fastest Growing Chicken Restaurant – $3.3B in Sales in 2023 & Expected to Reach $10B by End of Decade
- Albuquerque | Largest City in New Mexico | Population: 561,000+