El Pollo Loco – Albuquerque, NM

El Pollo Loco
6700 Central Ave SW, Albuquerque, NM 87121, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,648 SFEl Pollo Loco Absolute NNN at 6700 Central Avenue SW in Albuquerque, NM. Projected to open in December 2026, the store will be only the 3rd El Pollo Loco in New Mexico as the brand returns to the state after more than 30 years. The site sits at the intersection of Central Avenue SW (historic Route 66) and Coors Boulevard SW, in the heart of Southwest Albuquerque’s primary retail node. The property is secured by a brand-new 20-year Absolute Triple Net (NNN) Lease with 1.5% annual rent increases, 4, 5-year renewal options, and a personal guaranty, leaving the landlord with zero responsibilities.

  • Brand New 20-Year Absolute Triple Net (NNN) Lease With 1.5% Annual Increases: The tenant has signed a brand new 20-year Absolute Triple Net (NNN) Lease, so taxes, insurance, maintenance, roof, and structure all sit with the tenant. The rent increases 1.5% every year through the initial term and all 4, 5-year options. That delivers compounding NOI growth and an inflation hedge across up to 40 years of potential term.
  • Early Footprint in a Re-Entry Market: El Pollo Loco is returning to New Mexico after more than 30 years away. Just 2 restaurants currently operate statewide, both in Albuquerque, and this site is slated to be the brand’s 3rd El Pollo Loco’s New Mexico franchise partner has publicly committed to at least 9 restaurants in the state, putting this store at the front of the build-out.
  • High-Exposure Central Avenue and Historic Route 66 Location: The property sits at the intersection of Central Avenue (21,449+ VPD) and Bataan Drive SW and Coors Boulevard SW (18,700+ VPD), for a combined 40,149+ VPD. Central is Albuquerque’s primary east–west artery and its stretch of historic Route 66. ART bus rapid transit’s Atrisco Station at Coors and Central connects the site to Downtown, Nob Hill, and Uptown, on a line that has carried more than 10 million riders.
  • Established Southwest Albuquerque Retail Node: Over 109,000 residents live within 3 miles of the site. Coors and Central is an established shopping destination for Southwest Albuquerque, with the Smith’s (Kroger) shadow-anchored Coors Central Shopping Center at the intersection and a Walmart Supercenter just north at Coors and I-40. Bernalillo County adopted the South Coors Boulevard Sector Development Plan in March 2026, setting new zoning and policy to guide commercial growth across ~1,277 acres of the Coors corridor to the south.
  • National Brand on an Accelerating Growth Path: El Pollo Loco (Nasdaq: LOCO) opened its 1st U.S. restaurant in Los Angeles in 1980 and opened its 500th location in October 2025. The brand plans 18 to 20 openings in 2026, nearly double its 2025 pace, and has entered 3 new states in under 2 years, New Mexico among them. It has also signed development agreements for 15 New York-area restaurants as it pushes toward a national footprint.
  • High-Net-Worth Personal Guaranty: The joint and several personal guaranty backs the full 20-year initial term. The tenant also holds exclusive El Pollo Loco development rights for the entire state of New Mexico.

In Cooperation With Sands Investment Group – Lic. #9623 BoR: Andrew Ackerman – Lic. NM #20310

El Pollo Loco
6700 Central Ave SW, Albuquerque, NM 87121, USA

El Pollo Loco

El Pollo Loco (Nasdaq: LOCO) is the nation’s leading fire-grilled chicken restaurant known for its craveable, flavorful, and better-for-you offerings. Named by USA Today 10 Best Reader’s Choice Awards as a “Best Restaurant for Quick, Healthy Food” two years in a row, our menu features innovative meals with Mexican-inspired flavors made daily in our restaurants using quality ingredients. At El Pollo Loco, inclusivity is at the heart of our culture. Our community of over 4,000 employees reflects our commitment to creating a workplace where everyone has a seat at our table. Since 1980, El Pollo Loco has successfully expanded its presence, operating more than 500 company-owned and franchised restaurants across nine U.S. states: Arizona, California, Colorado, Louisiana, Nevada, New Mexico, Texas, Utah, and Washington.

Price

$3,333,333

Cap Rate

6.00%

PREMISES

2,648 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

20 Years from Rent Commencement

Lease Type

Absolute NNN

RENTAL INCREASES

1.5% Annually

BROKERS

Jonathan Silver
Los Angeles
Cade Huggins
Los Angeles
Andrew S. Ackerman
Atlanta

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