Auto Glass Now | Low Price Point | 3% Annual Increases

Overview

Flanagan Investment Real Estate is pleased to offer for sale a single-tenant, Auto Glass Now in Albuquerque, NM. The property is located in the Northeast Heights with high barriers to entry near the intersection of Wyoming Blvd and Menaul Blvd. This is a dense, in-fill trade area with nearby retailers including Walmart, Chick-fil-A, Raising Cane’s, O’Reilly, and Jiffy Lube among many others.There are about four years of term remaining. This site has a long operating history as glass shop and Auto Glass Now recently exercised a renewal option showing their commitment to this location. Based on Placer visits, this location is in the top 80% nationally.Auto Glass Now is operating in an approximately +/-4,170 sq. ft. building situated on about +/-0.38 acres. This is a fee simple deal which includes both land and building.The Tenant is operating under a NNN lease. Auto Glass Now is the second largest automotive glass provider in the United States and has over 200 locations across the country.This investment benefits from the long tenure, passive lease structure, and its location. The site is located on Menaul Blvd surrounded by numerous retailers and dense residential. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.