5407 Central Ave NW

Albuquerque, NM 87105 | 0.4 Acres / 1,850 SF | Investment Property For Sale

$1,499,000.00


Church's Chicken | Corporate Guaranty | Long-Term Lease

Investment Property For Sale

Price $1,499,000.00
Size 0.4 Acres / 1,850 SF

Additional Information

Church’s Chicken
5407 Central Ave NW
Albuquerque, NM 87105

 

Offering Summary

Purchase Price: $1,499,000
Price Per Square Foot: $810.27
Net Operating Income: $82,464*
Cap Rate: 5.50%
Lease Type: NNN
*Seller to credit buyer with rent differential between closing date and beginning of year 6

 

Investment Highlights

  • Long-term lease
    – About 10.5 years of lease term remaining through April 9, 2029
  • Corporate guaranty
  • Building size: ±1,850 SF
  • Land size: ±0.37 acres
  • Long operating history and strong commitment to this location by the tenant
    – Church’s Chicken has operated at this location since 1995 and completed a full remodel in 2013
  • Premier location
    – Hard corner, signalized intersection
    – Across the street from ART (Albuquerque Rapid Transit) station
  • Significant traffic counts fronting the property on Central
    – Traffic counts exceed 47,500 cars per day
  • Dense, in-fill retail corridor
    – Neighboring tenants include Family Dollar, Golden Pride, and Bank of the West among others

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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