Best Western / Village Inn

2400 Yale Blvd. Albuquerque, NM 87106

  • 32,253 Square Feet
  • Retail
  • For Sale

Summary Description

We are pleased to offer a unique absolute NNN lease investment. Comprised of two separate buildings on one parcel (2.99 acres), this investment offers investors highly dependable, long-term passive income with fixed rental escalations, providing strong inflation protection. Best Western is a 20,547 SF, 3 story economy hotel located in the rear of the property. Best Western' s lease expires in 2058 with no option periods (ground lease only). The second building is a Village Inn casual dining restaurant, located along Yale Blvd, on an absolute NNN (land and building) lease that also expires in 2058 with zero option periods. The next rental increase take place in April 2018. Best Western operates about 4,100 hotels and motels throughout the world, and operates 2,160 hotels in North America. Best Western is one of the most recognized and utilized hotel brands in the world.

Property Status: Absolute NNN Ground / Fee Simple

Price: $8,545,000.00

Building Size: 32253 Square Feet

Area Available: 32,253 Square Feet

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