Blake's Lotaburger | 2100 Unser Blvd NE
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Blake's Lotaburger 2100 Unser Blvd NE
3,187 SF Retail Building Rio Rancho, NM 87124 $2,631,500 ($826/SF) 4.75% Cap Rate
Investment Highlights
- 15 Year Ground Lease with Four 5-year options to renew
- Corporate lease with Blake's Lotaburger (75+ locations throughout the southwest)
- Long term security for investor with rental increases to increase ROI over time
- Tremendous growth and development along the Unser Gateway
Executive Summary
Base 5 Retail is pleased to present a rare opportunity to acquire the fee simple interest in a brand new, corporate executed ground lease with Blake’s Lotaburger LLC (“Blake’s”). The property is newly constructed, and Blake’s opened for business on October 3rd, 2024. This parcel on Unser Blvd is separately assessed and located at the front door of a 60 acre mixed-use development called The Village @ Rio Rancho in Rio Rancho, New Mexico.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,187 SF
Building Class
B
Year Built
2024
Price
$2,631,500
Price Per SF
$826
Cap Rate
4.75%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.25 AC
Zoning
Commercial
Nearby Major Retailers
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Blake's Lotaburger | 2100 Unser Blvd NE
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