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Restaurant

IHOP

7500 Menaul Blvd NE, Albuquerque, NM 87110

Listing Price: $3,194,000

Cap Rate
7.00%
Tenant Name
IHOP
Years Remaining On Lease
4.4
Gross SF
3,954
Guarantor
Corporate Guarantee
Rentable SF
3,954
Price/Gross SF
$807.79
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.55

Investment Overview

Marcus & Millichap is pleased to present for sale IHOP in Albuquerque, New Mexico. IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Four Years Remaining
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Located in Strong Retail Corridor in Immediate Proximity to Coronado Center, ABQ Uptown, and Winrock Town Center Shopping Malls
  • Surrounded by National Retailers: Walmart Supercenter, Jack in the Box, Joann, Target, JCPenney, Macy's, The Container Store, Kohl's, and Many More
  • 310,568 Residents within a Five-Mile Radius - Dense Albuquerque Infill
  • High Visibility Along Menaul Boulevard NE (Over 30,700 Cars per Day)
  • Immediate Connection to Coronado Freeway-40 and CanAm Highway-25 with Over 128,130 Cars per Day
  • Less than 10 Miles from Downtown Albuquerque, The University of New Mexico, and Albuquerque International Sunport

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Listing Price: $3,194,000

Cap Rate
7.00%
Tenant Name
IHOP
Years Remaining On Lease
4.4
Gross SF
3,954
Guarantor
Corporate Guarantee
Rentable SF
3,954
Price/Gross SF
$807.79
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.55

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Four Years Remaining
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Located in Strong Retail Corridor in Immediate Proximity to Coronado Center, ABQ Uptown, and Winrock Town Center Shopping Malls
  • Surrounded by National Retailers: Walmart Supercenter, Jack in the Box, Joann, Target, JCPenney, Macy's, The Container Store, Kohl's, and Many More
  • 310,568 Residents within a Five-Mile Radius - Dense Albuquerque Infill
  • High Visibility Along Menaul Boulevard NE (Over 30,700 Cars per Day)
  • Immediate Connection to Coronado Freeway-40 and CanAm Highway-25 with Over 128,130 Cars per Day
  • Less than 10 Miles from Downtown Albuquerque, The University of New Mexico, and Albuquerque International Sunport

Investment Overview

Marcus & Millichap is pleased to present for sale IHOP in Albuquerque, New Mexico. IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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