3230 Coors Blvd NW

Albuquerque, NM 87120 | 1.2 Acres / 10,500 SF

$1,455,000.00

Investment Property For Sale


Hibachi One | Single-Tenant Net-Lease Restaurant

Array

Investment Property For Sale

Price $1,455,000.00
Size 1.2 Acres / 10,500 SF

Benefits

Hibachi One
3230 Coors Blvd NW
Albuquerque, NM 87120

 

Offering Summary

Purchase Price: $1,455,000
Net Operating Income: $137,333
Cap Rate: 9.44%
Lease Type: NNN

 

Investment Highlights

  • Single-Tenant Net-Lease Restaurant
  • High-yield investment – 9.44% Cap Rate
  • Limited landlord responsibilities
    – NNN lease structure
  • Priced below replacement cost
  • About 5 years of lease term remaining through March 31, 2025
  • Experienced operator
    – Owns other restaurants including Tokyo Cafe
  • Building Size: ±10,500 SF
  • Land Size: ±1.15 acres
  • Significant traffic counts on Coors Blvd.
    – Traffic counts exceed 69,000 cars per day on Coors
    – Located less than one mile north of Interstate 40
    – Large pylon sign on Coors Blvd.
  • Dense, in-fill retail corridor
    – Nearby tenants include McDonald’s, Taco Cabana, Starbucks, and Chipotle among many others
  • Established tenant with a strong customer following

Location

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