West Central Plaza

Shopping Center for Sale
Catylist Listing ID: 30747101
Property Subtypes: Community Center, Power Center
Building Size (RSF): 131,613 SF
Gross Building Area: See Agent
Gross Land Area: 10.89 Acres
Sale Price: See Agent
Property Use Type: Investment
Building Name: West Central Plaza Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

Nationally Recognized Tenants - Nearly 90% is Corporately Leased
-The Property’s GLA is 100% leased to nationally recognized tenants - Burlington, Conn’s Home Plus, Dollar Tree, Panda Express, Supercuts, T-Mobile, and Dunkin’
-Gives an investor security in cash flow

Separately Parceled | Value Arbitrage through Breakup Scenario
- The Property consists of 5 separate parcels, allowing an investor the ability to immediately sell-off individual parcels, reducing their exposure and creating potential value through a breakup

Strong Cash/Cash Return | Offered Free & Clear of Debt |
Interest Only Options Available
- Over a 10% cash/cash return day 1 of ownership
- The Property is available free and clear of debt, so a Buyer has the flexibility to take advantage of low-interest rates and interest-only options

Low Price Per Square Foot - Below Replacement Cost
- Under $179/SF, which is significantly below the replacement cost
- Creates security in real estate

Underserved Retail Trade Area
- Between retail and demand (3-mile radius), the city average is 45 SF/person
- The southwest Albuquerque is 9 SF/person, which provides an investor security through a supply-constrained retail market

Strategically Located Along Central Avenue
- The Property is ideally positioned as the 1st retail shopping center as you cross over the Rio Grande River
- Central Avenue is the trade area's most traveled street and is only one of seven Rio Grande River crossings
- Located along the Albuquerque Rapid Art Transit (ART) capturing foot traffic as well

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 101205717241520778
Zoning: MX-M - Mixed-use: Moderate Intensity
Largest Nearby Street: Central Ave
Number of Stories: 1
Year Built: 1971
Year Renovated: 2006
Construction/Siding: Brick, Stone

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,693 133,177 248,989
Median Age: 35.48 32.91 33.43
Households: 5,784 48,768 94,095

Contact

Photograph of Listing Agent

Lia Armstrong

King Capital Commercial Real Estate
CARNM CIE Member
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