DEL TACO | $788,640 | 7.50% CAP
The Deltondo Group and Marcus & Millichap are please to present for sale the leasehold interest in a single-tenant property located at 1525 Coors Boulevard Northwest, Albuquerque, New Mexico 87121.
The subject property is comprised of 2,262 square feet, built in 2002 and will undergo a complete remodel in the next 18-months. Del Taco is located on Coors Blvd which oversees ±50,800 vehicles per day and is less than 1-mile from interstate-40 which oversees ±145,000 vehicles per day.
Del Taco, the nation’s second largest Mexican quick service restaurant chain, is carrying tremendous momentum into the first quarter of 2021. Despite pandemicinduced pressures, the brand was resilient during the initial COVID-19 slowdown and began to thrive during the second half of 2020. This led to their eighth consecutive year of positive franchise same store sales growth which provides a great trajectory for the brand as it continues through 2021. Underscoring their tremendous performance, franchised locations have enjoyed topline sales strength that far exceeds industry trends.