Listed by Venture Commercial, Bang Realty
$916,667
The Human Bean
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 640
Cap Rate 6%
NOI $55,000
Occupancy 100%
Tenancy Single
Brand/Tenant The Human Bean
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/31/2039
Remaining Term 13.1
Rent Bumps Yes
Lease Options 3 x 5 Year Options
Price per SqFt $1,432
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Acreage 0.840
Zoning Mixed-Use Low Intensity (MX-L)
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/01/2024
Occupancy Date 09/01/2024
Ground Lease Yes
Sale Condition For sale by owner
The Human Bean | 6.00% CAP | Albuquerque, NM
Marketing description
•More than 105,000 people within a three-mile radius with average household incomes in excess of $115,000
• 15-year primary term ground lease with approximately 13.5 years remaining
•The Human Bean operates 191 existing locations across 25 states
•Strong neighborhood location with excellent traffic counts at the intersection of San Antonio Dr and Wyoming Blvd with more than 54,000 VPD
•Outparcel to an Albertsons grocery store, providing strong daily needs traffic
•Extremely attractive initial ground rent of $55,000/yr
Listing Contacts
Listed by Venture Commercial, Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,000.00
$4,583.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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