Coors Blvd NW & St Josephs Dr NW

NAI SunVista is pleased to offer the opportunity to acquire a brand-new construction, single tenant Olive Garden in Albuquerque, NM. This ideal long-term investment features a ground lease with easily replaceable rent that appreciates over time, ensuring passive income with no
landlord management. The Property is occupied by a corporate tenant, Darden Restaurant’s most prominent brand, the nation’s most dominant sit-down restaurant group, offering stable cash flow, attractive 10% rent increases every five years, and future-proofing through scheduled store renovations. 

ADDRESS
SWQ Coors Blvd. & St. Josephs Dr. NW
Albuquerque, NM 87120

TENANT
Olive Garden
- 6 Locations in New Mexico
- 934 Locations Nationwide
- Started in 1982

SALE PRICE
$3,882,350
CAP RATE
4.25%
RENT INCREASES
10% Increases Every 5 Years
LEASE TERM
10-Year Primary Term
RENEWAL OPTIONS
4 x 5-Year options
BUILDING/LOT SIZE
±7,825 SF Building Under Construction on ±1.84 Acres
TRAFFIC COUNTS
±49,900 cars per day on Coors Blvd.