Taco Bell - Gallup, NM (E Hwy 66) | 914 E Highway 66
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Taco Bell - Gallup, NM (E Hwy 66) 914 E Highway 66
2,842 SF 100% Leased Retail Building Gallup, NM 87301 £2,590,470 (£911/SF) 5% Net Initial Yield
Investment Highlights
- Long Term 15-Year Sale Leaseback With Zero Landlord Responsibilities
- Emerge Inc is an Award Winning and Growing Operator With 185- Units Across Four Brands (40+ Unit Guaranty)
- 0.5-Miles From Hwy 40; a Major East-West Transcontinental Interstate That Spans 2,557 Miles
- Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years
- Strong Sales Performance With Healthy Rent to Sales Ratio (Inquire For Details)
- Located on Hwy 66; the Main Throughfare Through Gallup
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,842 SF Taco Bell Located at 914 East Highway 66 in Gallup, NM. This Deal Includes a Long Term 15-Year Sale Leaseback With Zero Landlord Responsibilities and Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years, Providing For a Secure Investment.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
2,842 SF
Year Built
2000
Price
£2,590,470
Price Per SF
£911
Net Initial Yield
5%
NOI
£129,524
Percent Leased
100%
Number of Floors
1
Building FAR
0.08
Land Acres
0.83 AC
Opportunity Zone
Yes
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Taco Bell
- Retailer
- 2,842 SF
- -
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Taco Bell | Retailer | 2,842 SF | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | R187933 | Improvements Assessment | £14,068 |
| Land Assessment | £25,120 | Total Assessment | £39,188 |
PROPERTY TAXES
Parcel Number
R187933
Land Assessment
£25,120
Improvements Assessment
£14,068
Total Assessment
£39,188
-
Jordan Mulloy -
Will Schuhmacher -
Max Freedman -
Andrew Ackerman -
Sands Investment Group Austin, LLC
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Taco Bell - Gallup, NM (E Hwy 66) | 914 E Highway 66
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