4331 Wyoming BlvdAlbuquerque, NM 87109

For Sale
$1,700,000

High-yield 7 Brew Coffee investment. Absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 510-square-foot 7 Brew Coffee location in Albuquerque, New Mexico. Situated on a 0.73-acre lot at 4331 Wyoming Blvd NE, 87109, this single-tenant property boasts a 15-year absolute NNN ground lease with a 6.00% cap rate and a substantial net operating income (NOI) of $102,000. The lease features a 10% rent increase every five years, ensuring consistent growth, and includes four, five-year renewal options. The tenant, a seasoned multi-concept operator with a proven track record, is responsible for all property taxes, insurance, and capital expenditures, including roof, structure, and HVAC maintenance, providing a truly hands-off investment experience. Built in 2024, this one-story building offers a secure, passive income stream with minimal management responsibilities. The lease includes a personal guarantee from the operator, further mitigating risk. This property represents a compelling opportunity for investors seeking a stable, high-return investment in a prime Albuquerque location.

Highlights

  • New 15-year absolute NNN ground lease signed at closing.
  • Zero landlord responsibilities.
  • 10% rent increases every five years.
  • Lease includes a personal guarantee.
  • Strong demographics: over 140,000 people within a 3-mile radius.
  • High traffic count: over 39,000 vehicles per day on Wyoming Blvd.

Property Details for 4331 Wyoming Blvd

Property type
Other retail properties, Restaurants
Square Feet
510 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
31,799 SF
Units
1

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.1293236
Longitude
-106.5515623
4331 Wyoming Blvd, Albuquerque, New Mexico

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4331 Wyoming Blvd
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