Peter Piper Pizza (Chuck E Cheese’s) Ground Lease

Highlights:

• Absolute Triple-Net (NNN) Ground Lease with 15 Years Remaining
• Infill Albuquerque - 230,144+ Residents in Trade Area
• Adjacent to Albertson’s Market
• Walking Distance from Manzano High School (1,754+ Enrolled) and Public Academy for Performing Arts (368+ Enrolled)
• Visible to 46,500+ Cars per Day Along Juan Tabo Blvd NE
• Less Than 2 Miles Off the I-40 Freeway (99,400+ Cars per Day)
• Close Proximity to Target, Walmart Supercenter, PetSmart, Sam’s Club, Hobby Lobby, etc.
• Over 238,765 Daytime Employees in Surrounding Area
• 15 Minutes East of Downtown Albuqerque

Description:

The Albuquerque metropolitan area spans Bernalillo, Sandoval, Torrance and Valencia counties. The metro has grown by 25 percent since 2000, to nearly 911,500 citizens. Albuquerque is the largest city with roughly 558,700 residents followed by Rio Rancho. Over the next five years, the population of the metro will increase by 1.1 percent annually.

Albuquerque’s economic activity relies partially on the government and defense sectors, which are increasing payrolls in the metro. The largest employer of the region is Kirtland Air Force Base, with more than 30,000 civilians and thousands of additional military workers. Additionally, Sandia National Laboratories, Honeywell Defense & Space Electronic Systems and Northrop Grumman provide a substantial amount of the vocational opportunities in the region.

The major drivers of the Albuquerque economy are government, defense, manufacturing and high tech. Since recovering from the recession, the local economy is now accelerating. The U.S. military plays a vital role in the local economy, attracting private and government high-tech institutions, a well-trained labor force and capital investment to the region. The local government shows strong support for the expansions and relocations of business. Both government and business officials in the region have aggressively sought to provide tax incentives and create economic zones to encourage such growth.

The Albuquerque metro offers a wide array of recreational opportunities. Skiing, golfing, mountain biking, camping and hiking are a few of the activities available in the Sandia and Manzano mountains to the east of Albuquerque. The Sandia Peak Tramway provides access to ski resorts

JOHN SEDBERRY
BROKER OF RECORD
Sedberry & Associates
Commercial Real Estate Services
4700 Montgomery Blvd NE
Albuquerque, NM 87109
Main 505-855-7650
Direct 505-855-7655
John@SedberryNM.com

JEFF MARTINEZ
Sedberry & Associates
Commercial Real Estate Services
4700 Montgomery Blvd NE
Albuquerque, NM 87109
Cell 505-235-8752
Main 505-855-7650
Jeff@SedberryNM.com
www.SedberryNM.com

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