Albuquerque, NM - Freddy's

Description:

• Freddy’s has operated at this location for over 11 years and has more than 3 years remaining on their lease with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option
• The store produced a strong 12%+ EBITDA margin in 2024, placing it above system averages and reinforcing long-term rent security
• The tenant, ERC New Mexico, LLC operates 10 Freddy’s locations in New Mexico and El Paso County, TX
• Operated by the larger entity, ERC Management, which operates a total of 34 locations in Colorado, Alabama, Texas, and New Mexico with plans to open more stores in New Mexico and El Paso County, TX

• Off the signalized, hard corner intersection of Central Ave SE and Eubank Blvd NE
• Central Avenue is the city’s main east-west thoroughfare, historically significant as the principal axis of development and a significant stretch of the iconic Route 66
• This Freddy’s location ranks in the 67th percentile (353 out of 1,080) of all Fast Food & QSR locations in New Mexico
• Large 1.19 AC parcel
• Surrounding retailers include Chili’s, O’Reilly, Dutch Bros Coffee, McDonald’s, and more

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Listing ID: a28TP000001b7ErYAI