Del Taco - Absolute NNN Lease 1500 SE Gibson Blvd

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant absolute NNN leased Del Taco in Albuquerque, NM. Del Taco was purchased by Jack in the Box Inc. (NASDAQ: JACK) in 2022 and operates over 590 locations across 15 states. The absolute triple net lease has over 14 years remaining in the primary term with two 5-year option periods, zero landlord responsibilities and 5% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come.
The newly constructed 1,152 SF building on 0.55-acre parcel is strategically positioned along the rapidly expanding Gibson Blvd retail corridor which sees over 38,600 VPD. Nearby retailers include Chick-fil-A, Raising Cane’s, Starbucks, Dutch Bros Coffee, Chili’s, Buffalo Wild Wings and more. Additionally, the subject property is within close proximity to the Albuquerque International Airport and the University of New Mexico Campus. Albuquerque International Sunport (ABQ), which sees over 5 million passengers annually and 418 flights daily, is only one mile away while the University of New Mexico with enrollment exceeding 21,900 is within half a mile (two miles to central campus).