Jack in the Box | LEASEHOLD – CONVEYING BUILDING ONLY

Albuquerque , NM

Price $899,000
Cap Rate 6.25%
TYPE Single-Tenant
STATUS Available
Tenant Jack in the Box
LEASE TYPE Absolute NNN
SQUARE FEET 2,800
PRICE/SQ FT $321
YEAR BUILT 2009
LEASE EXP. 11 Years from Close of Escrow
LISTING AGENT Justin Carlson
480-214-5088 x105
jcarlson@ciadvisor.com
Richard Hanna, Hanna Commercial, LLC
New Mexico Local Broker, #9158

Property Description

Jack in the Box has a new 11-year Absolute NNN Lease (leasehold-conveying building only) with 10% rental escalations in years 6th and 11th and in renewal option periods. The tenant, Dancel, LLC is a Jack in the Box franchisee with 7 restaurants in New Mexico – personal guarantee from high net worth individual.

Jack in the Box is located in Albuquerque, New Mexico, and a pad site to Burlington & Savers in a dense retail corridor with high drive by visibility. The property sits on the hard corner with nearby retailers including Walmart Supercenter, Sam’s Club, Costco Wholesale, Lowe’s Home Improvement, The Home Depot, Dick’s Sporting Goods, Kohl’s, Bed Bath & Beyond, Best Buy, Sprouts Farmers Market, Albertsons, Total Wine & More, Michaels, JOANN Fabrics, Petco, PetSmart, Cost Plus World Market, La-Z-Boy, Home Life Furniture, HomeGoods, Barnes & Noble, Hobby Town, Goodwill, Dollar Tree, Plato’s Closet, Burke’s Outlet, OfficeMax, Staples, Marshalls, Harbor Freight Tools, Party City, AutoZ, O’Reilly Auto Parts, Pep Boys Auto Parts & Service, Walgreens, CVS Pharmacy, etc. This property is one mile from Cottonwood Mall and less than two miles from Lovelace Westside Hospital.

*In Association with New Mexico Local Broker: Richard Hanna | Hanna Commercial, LLC | License # 9158

Property Highlights

  • LEASEHOLD – CONVEYING BUILDING ONLY
  • Tenant: Dancel, LLC is a Jack in the Box Franchisee with 7 Restaurants in New Mexico - Personal Guarantee from High Net Worth Individual
  • Demographics: Total Population (5-MI): 166,465 | Average Household Income (3-MI): $84,822 | Population Growth 2010-2018 (1-MI): 9.10%
  • New 11-Year Absolute NNN Lease with 10% Rental Escalations in Years 6th & 11th and in Renewal Option Periods
  • Pad Site to Burlington & Savers in a Dense Retail Corridor Just off the Hard Corner where Traffic Counts Exceed 69,000 CPD!