Lease Term: 6.85%
Potential Building Size: Max 2,200 SF
Lot Size: 24,000 SF
Lease Structure: NNN
Property Type: QSR/Retail
Traffic: 35,000 VPD
The Kase Group is pleased to offer a parcel of over 24,000 sf available for redevelopment. The land is adjacent to an IHOP restaurant and is perfect for a build to suit QSR/Fast Casual restaurant. The site is located on Gibson Blvd in Albuquerque, New Mexico. This road is heavily trafficked with over 35,000 VPD. This is an area that is active with developments including 3 new restaurants that have been built within the past 18 months.
Albuquerque is the most populous city in the state of New Mexico. It is a high-altitude city and serves as the county seat of Bernalillo County, and it is situated in the central part of the state, straddling the Rio Grande. The city population was 555,417 as of the July 1, 2012, population estimate from the United States Census Bureau, and ranks as the 32nd-largest city in the U.S. The Albuquerque MSA has a population of 902,797 according to the United States Census Bureau’s most recently available estimate for July 1, 2013. Albuquerque is the 59th-largest United States metropolitan area. The Albuquerque MSA population includes the city of Rio Rancho, Bernalillo, Placitas, Corrales, Los Lunas, Belen, Bosque Farms, and forms part of the larger Albuquerque – Santa Fe – Las Vegas combined statistical area, with a total population of 1,163,964 as of the July 1, 2013 Census Bureau estimates. With its population growing bigger over the years, Albuquerque is the fastest growing city in New Mexico by population.