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Restaurant

Blake's Lotaburger Ground Lease

4121 Coors Blvd NW, Albuquerque, NM 87120

Listing Price: $1,945,263

Cap Rate
4.75%
Tenant Name
Blake's Lotaburger
Years Remaining On Lease
15.9
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$46.20

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Blake’s Lotaburger located at 4121 Coors Blvd NW in Albuquerque, NM. The property consists of approximately 2,000 square feet of building space and is situated on approximately 1.02 acres of land. The property is subject to a 20-year Absolute NNN ground lease. The rent is $92,400 starting 8/1/2021 and there are 10.0% increases every 5 years. The increases will continue through the four, five-year tenant renewal options.

Investment Highlights

  • 20 Year Absolute Triple-Net (NNN) Ground Lease | 16+ Years Remaining
  • Attractive Rent Increases | 10.0% Every 5 Years
  • Corporate Tenant | 93 Locations

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Restaurant

Blake's Lotaburger Ground Lease

Listing Price: $1,945,263

Cap Rate
4.75%
Tenant Name
Blake's Lotaburger
Years Remaining On Lease
15.9
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$46.20

Investment Highlights

  • 20 Year Absolute Triple-Net (NNN) Ground Lease | 16+ Years Remaining
  • Attractive Rent Increases | 10.0% Every 5 Years
  • Corporate Tenant | 93 Locations

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Blake’s Lotaburger located at 4121 Coors Blvd NW in Albuquerque, NM. The property consists of approximately 2,000 square feet of building space and is situated on approximately 1.02 acres of land. The property is subject to a 20-year Absolute NNN ground lease. The rent is $92,400 starting 8/1/2021 and there are 10.0% increases every 5 years. The increases will continue through the four, five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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