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Blake's Lotaburger Ground Lease

$2,631,500

2100 Unser Boulevard Southeast, Rio Rancho, NM 87124

Active
Last Updated: 10/07/2024

4.75

Cap Rate

125,000

NOI

Details:
Cap Rate:    4.75%
NOI:    $125,000
Building Size:    3,187 sqft
Lot Area:    1.25 acres
Occupancy:    100%
Class:    A
Lease Type:    Ground
Year Built:    2024
Zoning:    Commercial
Tenancy:    Single
Highlights:
  • 15 Year Ground Lease with Four 5-year options to renew
  • Long term security for investor with rental increases to increase ROI over time
  • Corporate lease with Blake's Lotaburger (75+ locations throughout the southwest)
  • Tremendous growth and development along the Unser Gateway
Description:

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.

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