BEST WESTERN
Albuquerque, NM 87106
Ground Lease- Trophy Airport Site- Annual CPI · Hospitality Property For Sale
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64,833 SF
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- On-Site Retail
- Meeting Event Space
ABOUT BEST WESTERN , ALBUQUERQUE, NM 87106
BEST WESTERN - Ground Lease- Trophy Airport Site TROPHY AIRPORT LOCATION! 90% Occupancy Rate!We are pleased to offer to qualified investors a unique absolute NNN net lease investment. Comprised of two separate buildings on one parcel (2.99 acres), this investment offers investors highly dependable, long-term passive income with fixed rental escalations, providing strong inflation protection. Best Western is a 20,547 square foot, 3 story economy hotel located in the rear of the property. Best Western' s lease expires in 2058 with no option periods (ground lease only). The second building is a Village Inn casual dining restaurant, located along Yale Blvd, on an absolute NNN (land and building) lease that also expires in 2058 with zero option periods. The next rental increase take place in April 2018.
PROPERTY TAXES
| Parcel Number | 1-016-055-027388-2-02-14 | Improvements Assessment | $709,177 |
| Land Assessment | $225,409 | Total Assessment | $934,586 |
