Zero Landlord Responsibilities. - Absolute NNN and Ground Lease - Village Inn Brand Restaurant.
Guaranteed by one of the nation’s strongest restaurant operators: American Blue Ribbon Holdings.
NOI: $147,015 Escalations 10% every 5 years Cap Rate: 6.50% on Absolute NNN building lease. 5.37% on Ground Lease. Built in 2003 9 years remain on 20 year leases. 2x 5 year options.
The Property has excellent corner access and is located in a busy shopping center in a dense trade area of Albuquerque, NM. Village Inn is a popular concept in New Mexico with over 9 locations in the Albuquerque MSA.
About Village Inn: established in 1958, Village Inn is a casual dining restaurant chain known for it’s quality breakfast menu items, and wide range of fresh-baked pies. Village Inn has more than 200 corporate and franchised locations in the rocky mountains, the Midwest, Arizona and Florida. Village Inn’s parent company VICORP Restaurants Inc. was acquired by American Blue Ribbon Holdings in 2009. www.villageinn.com - Number of buildings: 1 - Building condition: Excellent
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Four Hills Mhp
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