3811 Ellison Dr NW

Albuquerque, NM 87114 | 0.8 Acres / 3,200 SF | Investment Property Sold

Actual Sale Price Not Disclosed


SOLD: Absolute NNN Carl's Jr. | Trophy Location | Albuquerque, NM

Investment Property Sold

Price Actual Sale Price Not Disclosed
Size 0.8 Acres / 3,200 SF

Additional Information

Carl’s Jr.
3811 Ellison Dr. NW
Albuquerque, NM 87114

 

Offering Summary

Actual Sale Price: Not Disclosed
Asking Price: $2,420,000
Asking Cap Rate: 6.00%
Lease Type: Absolute NNN

 

Investment Highlights

  • Absolute NNN lease with zero landlord responsibilities
  • About 8 years of based term remaining through January 31, 2027, with (3) 5-year renewal options
  • 10% rental increases every 5 years
  • Strong operator – 20 stores in CA and NM, with Personal Guarantees
  • Trophy asset located in the heart of the Cottonwood trade area
  • Over 79,000 cars per day at the lighted intersection of Coors Blvd. & Ellison Dr.
  • Tenant has operated at this location for about 12 years

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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