Bubba's 33 Albuquerque, New Mexico

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Bubba's 33

Address

10048 Coors Blvd Bypass NW
Albuquerque, NM 87114

Investment Overview

Bubba's 33 (the “Property”) is a freestanding, single-tenant restaurant building located along Coors Boulevard Bypass NW in Albuquerque, New Mexico. Positioned directly adjacent to Cottonwood Mall and within one of the city’s most active retail corridors, the Property benefits from excellent visibility, strong traffic counts, and connectivity to the broader Northwest Albuquerque trade area. Built on a 1.03-acre parcel, the site offers ample parking, easy ingress and egress, and proximity to a dense mix of national retailers, entertainment venues, and residential communities.

The 7,575-square-foot building is 100% leased to Roadhouse Enterprises, Inc., doing business as Bubba’s 33, under a newly executed absolute-net ground lease with an initial 15-year term. The lease commences October 1, 2025, and features 10% contractual rent increases every five (5) years, along with three (3) additional five-year renewal options - each also including 10% rent escalations. This structure provides investors with stable, long-term cash flow and predictable income growth.

Investment Highlights

High-Quality Tenant - Bubba’s 33 (Operated by Roadhouse Enterprises, Inc., Texas Roadhouse Subsidiary): Nationally recognized, full-service restaurant brand with a strong operating track record, backed by the corporate strength of Texas Roadhouse (NASDAQ: TXRH).

Long-Term Absolute NNN Ground Lease: 15-year absolute NNN ground lease commencing October 1, 2025, featuring 10% rent increases every five (5) years and three (3) additional five-year renewal options—providing stable, predictable cash flow with built-in growth.

Absolute NNN Lease Structure: True passive investment. The tenant is responsible for all expenses, including CAM, insurance, real estate taxes, and all maintenance obligations for both the premises and common areas.

Strong Rent Growth: Contractual 10% base rent increases every 5 years during the initial term and each renewal option—supporting consistent revenue growth and long-term investment stability.

Prime Northwest Albuquerque Location: Strategically positioned along Coors Boulevard Bypass NW, directly adjacent to Cottonwood Mall—one of Albuquerque’s top-performing regional retail destinations. The Property benefits from high traffic counts, excellent visibility, and proximity to national anchors such as Target, Hobby Lobby, and Topgolf.

Corporate Guarantee: Lease guaranteed by Roadhouse Enterprises, Inc., a subsidiary of Texas Roadhouse, ensuring a secure and reliable income stream.

Robust Demographic and Market Fundamentals: Northwest Albuquerque is experiencing sustained residential and commercial expansion, with continued population growth, rising household incomes, and strong demand for retail and dining options—making it one of the city’s most sought-after trade areas.