8111 Wyoming Blvd Ne is aretail property for lease in Albuquerque, NM.
7 free standing buildings
1 commissary / office building
Fundamental fast food locations
Established brand serving a niche market
Zero Landlord responsibilities-Absolute NNN leases
10-year leases form, 8 properties
Strong and consistent performance
Pride of ownership properties
The portfolio includes 7 free-standing drive through restaurants and 1 commissary office building. All restaurant locations are in proven trade areas with excellent traffic counts. The state-of-the art commissary and office building is centrally located to supply all Twisters locations with fresh food and local management.
The properties all use the same standard lease form with lease rates at or below market rates. The leases are flat for the duration of the 10 year term (resulting in only a 0.29% difference in IRR over 10 years with deal, with a 10% escalations in 5 years) and have 2, 5 year options. At each option, the rent will increase by the cumulative CPI capped at 7.00%
The portfolio is designed to give the buyer years of worry free income and has a tremendous amount of built-in intrinsic value: All restaurant locations are free standing buildings with approved drive throughs and are strategically located on major thoroughfares in Albuquerque. The entire portfolio is fee-simple with no debt.