Village INN Restaurant

Transcription

1 Village INN Restaurant Excellent traffic counts: 72,ooo+ VPD 840 Juan Tabo Blvd NE, Albuquerque, NM Capital Pacific collaborates. Click here to meet the rest of our San Francisco team. For more info on this opportunity please contact: John Andreini (415) CA BRE# b Sanner bsanner@capitalpacific.com (415) CA BRE# Rick Sanner rsanner@capitalpacific.com (415) CA BRE# Chris Kostanecki Ckostanecki@capitalpacific.com (415) CA BRE# In conjunction with NM Licensed Broker: Sean P. McMullan, CCIM, McMullan & Company Real Estate sean@mcmullanrealestate.com

2 village inn is a very unique offering in albuquerque, new mexico, the largest city in the state Investment Highlights Village Inn has two leases with the landlord: a ground lease for the land (which the landlord owns) and a separate lease for the improvements (also owned by landlord). This gives a future owner the potential opportunity to sell the ground lease, (possibly at a lower cap rate than the offering) due to the very low rent and attractive location. PRICE: $2,450,238 CAP: 6.00% RENTABLE SF ,786 SF PRICE PER SF.... $74.73 LAND AREA Acres LEASE TYPE Ground Lease YEAR BUILT National Tenant Village Inn operated 210+ stores in fiscal 2014 Excellent submarket Over 250,000 people within a 5-mile radius Growing population in a 1, 3 and 5-mile radius New Mexico State University, Sandia National Laboratories, VA Medical Center, Albuquerque International Airport, Kirtland Air Force Base, and many technology based mission critical facilities serve as stable employment entities in addition to many public & private institutions, in what is known as the New Mexico Technology Corridor Village Inn 2

3 Dominant visibility Traffic counts of approximately 72,659 VPD on Juan Tabo ulevard NE d NE var e oul lb nau Me 556 ing om NE Wy evard ul CORONADO CENTER WINROCK SHOPPING CENTER LY AI 9D,65 72 MARKET CENTER EAST MANZANO CENTER Sena High School abo n T d NE Jualevar u Kennedy Middle School Grant Middle School ay mw d NE Tralevar u Manzano High School Tomasita Elementary Hayes Middle School LOS ALTOS GOLF COURSE TOWNE PARK PLAZA abo nt THE CANYON CLUB Jua as d NE var ule e SE ing u Aven om Wy E ds var ule C al entr Monzano Mesa Elementary ank Eub Lom rd NE va ule 40 ALBUQUERQUE CITY CENTER Village Inn 3

4 Income & Expense surrounding retail PRICE $2,450,238 Price Per Square Foot: $74.73 Parcel Size: 32,786 Capitalization Rate: 6.00% Total Rentable Area (SF): 32,786 STABILIZED INCOME Per Square Foot Rent $4.48 $147,014 LESS Per Square Foot Taxes Tenant Pays Direct $0.00 Insurance Tenant Pays Direct $0.00 Total Operating Expenses $0.00 EQUALS NET OPERATING INCOME $147,014 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Village Inn 4

5 Rent Roll Tenant Name TENANT INFO LEASE TERM RENT SUMMARY Sq. Ft. Term Annual Ground Rent Annual Building Rent Total Annual Rent Yearly Rent/FT Village Inn 32,786 3/1/2003 2/28/2008 $59,413 $62,087 $121,500 $3.71 3/1/2008 2/28/2013 $65,354 $68,296 $133,650 $4.08 Current Rent Being Paid Option 1 3/1/2013 2/28/2018 $71,889 $75,125 $147,014 $4.48 Final Option 3/1/2018 2/28/2023 $79,078 $82,638 $161,716 $4.93 Current Totals: 32,786 $71,889 $75,125 $147,014 $4.48 *Tenant signed two coterminus leases - a ground lease and a building lease. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. intersection Village Inn 5

6 Photos Surrounded by The manzano shopping center Village Inn 6

7 Regional Map Albuquerque, NM Traffic counts in excess of 72,659 vpd on Juan Tabo Blvd. Village Inn albuquerque Village Inn 7

8 Location & Demos Albuquerque, nm Overview Albuquerque is the largest city in the state of New Mexico and is situated in the central part of the state, straddling the Rio Grande. Albuquerque is home to the University of New Mexico (UNM) and the University of New Mexico Hospital (UNH), which, together, employ over 20,000 people. Kirtland Air Force Base and Sandia National Laboratories are also two of the biggest employers in the city. Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. The city is noted as a center for health and medical services and government agencies. Nuclear research, banking, and tourism are also major industries. In addition, there is a growing high-tech center in Albuquerque, and Intel Corp. s largest manufacturing facility is located there. Population 1-Mile 3-Mile 5-Mile , , , , , , , , , Household incomes Top Employers in Albuquerque Employer # of Employees* University of New Mexico 12,000 Kirtland Air Force Base 3,000 Sandia National Laboratories 8,400 Lovelace Health System 7,000 *Approximate 1-Mile 3-Mile 5-Mile Average $47,180 $57,348 $62,017 Village Inn 8

9 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] John Andreini jandreini@capitalpacific.com (415) CA BRE# b Sanner bsanner@capitalpacific.com (415) CA BRE# Rick Sanner rsanner@capitalpacific.com (415) CA BRE# Chris kostanecki ck@capitalpacific.com (415) CA BRE# In conjunction with NM Licensed Broker: Sean P. McMullan, CCIM, McMullan & Company Real Estate sean@mcmullanrealestate.com Copyright 2015 [Capital Pacific Real Estate Brokerage Company]