4900 Central Ave SE

Overview

Colliers is pleased to present the opportunity to acquire a Wendy's-leased investment property located along Albuquerque's historic Route 66 corridor.​ The offering consists of a ±2,413 SF freestanding drive-thru building situated on approximately 0.75 acres.​ Although Wendy's is not currently operating at the property, the tenant is fully current and continues to pay rent monthly under an absolute triple-net lease with approximately 11 years remaining.​ The lease provides for 10% rental increases every five years, with the next increase anticipated in approximately 18 months and another approximately five years thereafter.