4201 San Mateo Blvd NE - Auto Repair FOR SALE
Albuquerque, NM 87110 |
$1,850,000 USD
310-966-0122
4201 San Mateo Blvd NE
Albuquerque, NM 87110
HIGHLIGHTS
- Gyro Shack is a Mediterranean fast food operation with locations in Idaho, Arizona and New Mexico providing an alternative food source to tradition fa
- Triple Net Lease | Passive investment with tenant responsible for Taxes, Insurance and Common Area Maintanence.
- Modular Drive-Thru building may qualify for Bonus Depreciation. Please consult your tax advisors for more information.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Gyro
Shack located at 4201 San Mateo Blvd NE, Albuquerque, NM
87110. The site consists of roughly 800 rentable square feet of
building space on an estimated 0.53-acre parcel of land. This
Gyro Shack is subject to a 15-year Triple Net (NNN) lease, which
commenced 9/1/2024. The current annual rent is $109,313 and
has scheduled increases of 10.00% Every 5 Years.
FOR SALE DETAILS
PRICE
$1,850,000 USD
PRICE/SF
$2,313 USD /SF
CAP RATE
5.9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gyro Shack
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.53 AC
LAND SF
23,087 SF
ZONING
MX-L
APN/PARCEL ID
1-017-060-518408-1-15-19
ASK ABOUT THIS PROPERTY
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310-966-0122
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310-966-0122
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