Restaurant

Burger King Corporate Ground Lease

4760 McMahon Blvd NW, Albuquerque, NM 87114

Listing Price: $1,815,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
7.60
Gross SF
2,356
Guarantor
Corporate Guarantee
Rentable SF
2,356
Price/Gross SF
$770.37
Lease Type
Absolute Net
Rent Per Square Feet
$38.52

Investment Overview

Burger King is located at 4760 McMahon Boulevard NW in Albuquerque, New Mexico. The subject is an approximate 2,248-square foot, single-tenant retail building on approximately 29,072 square feet of land. The existing lease is a 20-year, absolute triple-net (NNN) corporate ground lease with Burger King Corporation. The lease contains four, five-year renewal options, 10 percent rental increases every five years and no landlord responsibilities. The Burger King system operates more than 12,100 restaurants in all 50 states and in 74 countries and U.S. territories worldwide. Approximately 90 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. The property is strategically located in Albuquerque’s fastest growing area. Positioned on the hard southwest corner of McMahon Boulevard and Golf Course Road, the property benefits from traffic counts that exceed 46,000 vehicles per day. The property is an outparcel to a Smith’s Food & Drug and is located directly across the street from the Lovelace Westside Hospital.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease with Increases
  • Hard Corner Location in Fastest Growing Area
  • Located Across the Street from Lovelace Westside Hospital

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Restaurant

Burger King Corporate Ground Lease

Listing Price: $1,815,000

Cap Rate
5.00%
Tenant Name
Burger King
Years Remaining On Lease
7.60
Gross SF
2,356
Guarantor
Corporate Guarantee
Rentable SF
2,356
Price/Gross SF
$770.37
Lease Type
Absolute Net
Rent Per Square Feet
$38.52

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease with Increases
  • Hard Corner Location in Fastest Growing Area
  • Located Across the Street from Lovelace Westside Hospital

Investment Overview

Burger King is located at 4760 McMahon Boulevard NW in Albuquerque, New Mexico. The subject is an approximate 2,248-square foot, single-tenant retail building on approximately 29,072 square feet of land. The existing lease is a 20-year, absolute triple-net (NNN) corporate ground lease with Burger King Corporation. The lease contains four, five-year renewal options, 10 percent rental increases every five years and no landlord responsibilities. The Burger King system operates more than 12,100 restaurants in all 50 states and in 74 countries and U.S. territories worldwide. Approximately 90 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. The property is strategically located in Albuquerque’s fastest growing area. Positioned on the hard southwest corner of McMahon Boulevard and Golf Course Road, the property benefits from traffic counts that exceed 46,000 vehicles per day. The property is an outparcel to a Smith’s Food & Drug and is located directly across the street from the Lovelace Westside Hospital.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

MM Texture Background
MM Textured Background Lower