9600 Universe Blvd NW - Fast Food FOR SALE


Albuquerque, NM 87114
$2,100,000 USD
866-889-0550
9600 Universe Blvd NW, Albuquerque, NM for Sale
$2,100,000 USD
Fast Food - FOR SALE
1/4
null | 5.5% Cap Rate

9600 Universe Blvd NW
Albuquerque, NM 87114


HIGHLIGHTS

  • This Albuquerque location has a population of ±66,464 Residents within a 3-mile radius and an average Household Income of $119,770 annually.
  • Built-to-Suit Construction – This property was built specifically for a Dutch Bros in 2021.
  • Absolute NNN – Lease Dutch Bros is on a 15-Year lease with ±12.5 Years remaining and zero management responsibility.
  • Daytime Traffic – The workday population is ±39,943 employees within a 3-mile radius, and Universe Blvd sees ±14,000 cars per day.

OVERVIEW

Fee Simple Ownership – The opportunity is a rare Fee Simple interest with lower than average rents. Average rents for all On-Market Fee Simple Dutch Bros is approx. $130,800. Strong Corporate Guarantee– Dutch Bros Coffee ( NYSE: BROS) has over 900 locations in 18 states across the country and has seen exceptional revenue growth from $739M in 2022 to over $913M in 2023 and expected 2024 revenue to be around $1.23 billion. Strong Retail Corridor – This Dutch Bros is adjacent to major Retailers such as Walgreens, Dollar Tree, Subway, Blake’s LotaBurger, and Taco Bell. The annual consumer retail spend is ±$635.2M within a 3-mile radius. Education – There are four Elementary / Middle Schools in the immediate area totaling ±2,000 students. Volcano Vista High School is the closest High School just under 2 miles away and has a student population of 2,200. Additionally, Central New Mexico Community College West campus is under 2 miles away. Broker of Record Kyle Matthews License No. 19601 (NM)

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$2,211 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Paseo Del Norte Blvd NE

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C-2

APN/PARCEL ID

1-010-065-050-3-06-11

ASK ABOUT THIS PROPERTY

Joshua JenkinsMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Joshua JenkinsMatthews Real Estate Investment ServicesMore Info
866-889-0550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.