1620 Towne Center Lane SE, Albuquerque, NM 87106

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Denny’s investment property located in Albuquerque, New Mexico. The tenant, New Mexico’s Best Diner, LLC has over 7 years remaining on lease term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The property is located near the signalized, hard corner intersection of Gibson Blvd SE and University Blvd SE with a combined 50,700 vehicles passing by daily. Gibson Blvd SE (38,300 VPD), is a major retail thoroughfare serving the city of Albuquerque. The Denny’s is situated just east of Interstate 25, a major north/south travelling highway averaging 119,700 VPD. Additionally, the site is positioned just south of The University of New Mexico, a four year college with over 28,000 students which help provide a strong consumer draw to the area. Furthermore, the asset is just north of Albuquerque International Sunport, an international airport with over 5 million annual visitors moving through. Moreover, the Denny’s is located in a hotel corridor with major tenants including Holiday Inn, Residence Inn, Hyatt Place, Hilton Garden Inn, and more, further increasing consumer demand. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Planet Fitness, Family Dollar, Pep Boys, Dunkin’, McDonald’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 189,300 with an average household income of $73,738.