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Virtual Drive-By

Taco Bell Absolute NNN

4601 East Main Street · Farmington, NM 87402 · QSR / Restaurant

Asking price
$3,400,000
Cap rate
5.50%
NOI
$187,000

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Lease

Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration07/2046
Rent bumps—
Options2, 5-year options
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF3,500
Price / SF$1,018
Year built1982
Lot size0.94 ac
TypeQSR/Fast Food, Restaurant
Days on market45

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Top-Performing Location: Ranked the #1 location in New Mexico and in the 99th percentile nationwide according to Placer.ai, this store generates nearly 2x the brand’s national average unit volume while maintaining a rent-to-sales ratio below 5%.
  • ​Proven Franchise Strength: A legacy Taco Bell operator and one of the brand’s first 100 franchisees, with nearly five decades of operating experience dating back to its first Farmington, New Mexico location in 1997.
  • ​Long-Term Site Commitment: the tenant has successfully operated at this location for over 35 years and recently executed a new 20-year lease extension, demonstrating long-term commitment to the site and market.
  • ​Recent Capital Investment: Tenant completed a substantial remodel in 2025 at its own expense, including a new roof and other property improvements.
  • ​High-Traffic Corridor: Situated on East Main Street (US-550), the property benefits from approximately 31,200 vehicles per day (VPD). It sits in the highest-density retail corridor in the city, surrounded by nation anchors like Target, Walmart Supercenter, and Home Depot.
  • ​Regional Hub: Farmington, NM functions as a primary commercial and service center for the broader Four Corners region, Drawing demand from adjacent markets in Colorado, Utah, and Arizona.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.