Los Lunas, NM 87031

Burger King & Jersey Mike's Ground Lease

Property Address

1640 Main Street Northwest, Los Lunas, NM, USA

Offering Summary

  • Price: $1,600,000
  • Lot Size: 1.28
  • Cap Rate: 5.0%
  • Year Built: 2018
  • Building SF: 2,800
  • Status: Available
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  • Absolute Triple-Net (NNN) Ground Lease with 18 Years Remaining
  • Multi-Unit Franchisee (15 Units)
  • 10% Rental Increases Every 5 Years
  • One Parcel with Two Separate Buildings and Drive-Thrus
  • 35,424 Residents in Growing Los Lunas Trade Area - Albuquerque MSA
  • Excellent Visibility Along Main Street NW - 25,000+ Cars/Day
  • Situated in Dense Retail Corridor - Lowes, The Home Depot, Walmart, Harbor Freight Tools, McDonald's, Planet Fitness, Walgreens, and More
  • Less Than 1 Mile Off the Interstate 25, Offering Direct Access to Albuquerque

Broker Information