Del Taco

1500 Gibson Boulevard Southeast, Albuquerque, NM 87106

$2,200,000

Cap Rate 5.00%

Views: 6 DOM: 1 Updated: 10.17.24 Posted: 10.17.24 Status: Active

Summary

Price $2,200,000	Built/Renov 2023	Tenant Del Taco
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 1,152	Lease Start 10-06-2023	#Units 592
Price/SF $1,909.72	Expiration 10-31-2038	Tenant Type Fast Food/QSR
NOI $110,000	R. Term 14.0	Ownership Fee Simple
Rent/SF $95.49	Increases 5.0%/5/yrs	Pop 5Mi 195,000
Lot/AC 0.55	Options 2/5yrs/5%	AHHI 5Mi $71,707

Lease Highlights

New 2023 construction
Del Taco has 14 years remaining on the current lease term with 2 (5-year) options to extend
Lease features 5% rental increases every 5 years throughout the initial term and at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Del Taco is strategically located on Gibson Blvd SE, with access to a daily traffic count of 38,600 vehicles. The property is surrounded by notable national retailers, including Chick-fil-A, Raising Cane’s, Starbucks, Dutch Bros Coffee, Chili’s, and Buffalo Wild Wings. Additionally, it is in close proximity to Albuquerque International Airport and the University of New Mexico campus, which has...

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Key Features

New construction
Dense retail corridor
Near major nationals
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Publicly traded company

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Links

Del Taco Wikipedia Del Taco Wikipedia Albuquerque, New Mexico Zip Code 87106 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Del Taco
Guarantor:Corp Traded
Company:Jack in the Box, Inc.
# Units:592
Stock: NASDAQ: JACK

About Tenant

Del Taco Restaurants Inc. is an American fast-food restaurant chain specializing in American-style Mexican cuisine and American foods such as burgers, fries, and shakes. Founded in 1964, in...

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Listing Broker

Eric Carlton

Colliers NNN Group

Contact

176 Listings
21281 Views
60 Sold

Jereme Snyder

Colliers NNN Group

Contact

164 Listings
19829 Views
56 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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