Raising Cane’s Gibson Blvd SE & Alumni Drive Southeast, NM

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+