New El Pollo Loco 3-Tenant NNN w/ Drive-Thru

Highlights:

• 5,376 SF NNN retail property fully leased to El Pollo Loco, Jamba, and Xfinity/Comcast with drive-thru and fee simple ownership.
• Prime hard-corner, signalized intersection with ±51K VPD featuring a freestanding drive-thru retail asset with strong visibility.
• 100% leased with long-term NNN leases, providing passive management with tenants covering taxes, insurance, and CAM.
• Leases include 10% rent escalations every 5 years, ensuring predictable income growth and long-term value.
• Fee simple ownership of land and building with tax advantages, strong cash flow, and accelerated depreciation opportunities.
• High-profile retail corridor at Juan Tabo & Lomas Blvd, Across from Albertson's, McDonalds and close proximity to Manzano High School.

Description:

NEW MEXICO BROKER OF RECORD ... ANTHONY JOHNSON ... Pegasus Group LLC ... License No. REC-2023-0376

Faris Lee Investments is pleased to present an exceptional opportunity to acquire a recently constructed freestanding, three-tenant NNN-leased retail building featuring a high-volume drive-thru in Albuquerque, New Mexico. The 5,376 SF property is 100% leased to a premier mix of nationally recognized brands, including El Pollo Loco (505+ locations), Jamba Juice (850+ locations), and Xfinity / Comcast (630+ locations). This investment offers a diversified income stream from established credit tenants under new, long-term triple-net leases. Designed for passive management and ease of ownership, the leases feature 10% rental escalations every five years, providing the investor with predictable, compounding cash flow and a strong hedge against inflation.
The subject property is strategically located at the high-visibility, signalized hard-corner of Juan Tabo Blvd and Lomas Blvd, two major retail thoroughfares with over 51,000 vehicles per day. This 2025 newly constructed building includes a modern drive-thru design and updated HVAC, roof, and parking lot, minimizing near-term capital expenditure risk. Located in a prominent retail corridor, the asset is positioned directly across from a robust grocery draw in Albertsons, Chuze Fitness, Taco Bell, Burger King, and Circle K. The subject property is also adjacent to a top-tier McDonald’s location, capitalizing on a strong and established consumer draw. This prime positioning within a dominant commercial hub ensures high intrinsic real estate value and consistent consumer draws from surrounding national retailers.
Benefiting from a robust demographic profile, the asset serves a dense population of over 117,000 residents and a massive daytime employment base of 100,000 workers within a 3-mile radius. The trade area is further bolstered by its proximity to Manzano High School, which brings over 1,400 students to the immediate vicinity on a daily basis. With average household incomes exceeding $88,000 within a 1-mile radius, the property is perfectly positioned to capture high-disposable income spending. This fee simple investment also offers significant tax advantages through cost segregation and accelerated depreciation, providing a secure, stable, and high-yielding asset in a high-growth location.

Albuquerque, NM, offers an exceptional quality of life, blending rich cultural heritage with breathtaking natural landscapes and a welcoming community spirit. Nestled between the Sandia Mountains and the Rio Grande, the city is celebrated for its year-round sunshine, stunning sunsets, and outdoor activities like hiking, biking, and hot-air ballooning, showcased by the world-renowned Albuquerque International Balloon Fiesta. Its diverse arts and music scene, vibrant Southwestern cuisine, and deep-rooted Native American, Hispanic, and Anglo traditions create a culturally rich and inclusive environment. The city’s low cost of living, tight-knit community, and seamless blend of urban amenities with natural beauty make it an ideal place to live, work, and thrive.
Albuquerque is also a city on the rise, experiencing steady economic growth across multiple industries. Aerospace and defense, anchored by Sandia National Laboratories and Kirtland Air Force Base, remain significant drivers, while healthcare systems, renewable energy initiatives, and a burgeoning technology sector continue to expand. The film industry has gained momentum, attracting major studios and productions. The city’s strategic location in the Southwest, combined with a skilled workforce and robust infrastructure, has spurred a surge in commercial activity and business investment. Albuquerque’s balanced growth, emphasis on innovation, and commitment to economic diversification position it as a promising hub for both residents and businesses.

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