1306 Gibson Boulevard Southeast is aretail property for lease in Albuquerque, NM.
Absolute Investment Realty has been selected as the exclusive representative to sell this Single Tenant Absolute Net Leased Property located in Albuquerque, NM.
The Property has been occupied by Subway since 2001 (lease commenced February 13, 2002) and features rare 3.50% annual rent escalations, which have been in place since the property was originally occupied and continue through all option terms.
The lease is presently in its 2nd option, which expires February 12, 2017. The short remaining lease term is reflected by the above-market capitalization rate and gives the buyer an opportunity to purchase a net leased property at substantially below potential market value. The lease has 2 five-year options remaining, extending the lease through 2027.
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