Jack in the Box Investment Offering
10100 Central Ave, Albuquerque, NM
About this Property
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Top Franchisee in the Southwest, Dancell, LLC
Franchise and Personal Guarantees
Prominent intersection adjacent major employers
20 year Unsubordinated Absolute Net Ground Lease, 18.5 years remaining
Top Franchisee guaranty with additional personal guarantor
10% increases every 5 years
Tenant Information
Lessee: Dancell, LLC, an Arizona limited liability Company
Additional Guarantors: Laura Olguin and Donald Lay
Laura Olguin is the largest franchisee in the Southwest with over 30 Jack in the Box restaurants. Laura joined forces with Donald Lay, one of Jack in the Box’s original franchisees. Together they have over 50 restaurants throughout the Southwest. Laura was the franchisee of the year in 2010. Both Laura and Donald have personally guaranteed the lease.
Trade Area Information
The trade area which services this location encompasses not only the Southeast heights, which is one of Albuquerque’s most established trade areas, but also the East Mountain area with over 55,000 residents. This location is prominently located at the intersection of Central Ave and Eubank Blvd., two of the most established arterials in the metropolitan area. Central Ave is the Historic Route 66 and was the first commercial corridor through Albuquerque, which now has 32,800 cars per day. Eubank Blvd, which has 47,100 cars per day, connects the Kirtland Airforce base and Sandia National Laboratories to the south to I-40 and all the way to the far Northeast Heights.
A few of the daytime employment generators in this area include Sandia National Laboratory, Sandia Science and Technology Park and Kirtland Airforce Base, three of New Mexico’s largest employers with over 21,000 employees. The trade area has a very mature and established day and night time population base as well as major national retailer draw. These national retailers include Costco, Wal-Mart Super Center, Sam’s Club, Target, Best Buy, Babies R Us, Office Depot, Office Max, PetSmart, Petco and Home Depot.
For Sale: $966,667
Cap Rate: 6.0%
Contact a Broker about this Property
John Sedberry, President - Office:(505) 855-7650
click to email John Sedberry