Two-Tenant NNN Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30802146
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 5,435 SF
Sale Price: $3,582,200
Unit Price: $659.10 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.85%
Last Updated: 5/16/2022

Overview / Comments

Colliers is pleased to bring to market 2424 Louisiana Blvd NE, a fully tenanted retail condominium located in the heart of the Uptown submarket with over 32,400 VPD. Uptown is Albuquerque’s #1 retail trade core and one of Albuquerque’s highest daytime employment areas. With a CAP rate of 5.85%, two leases in place, and a Net Operating Income of $209,558.80, this is an ideal stabilized retail investment opportunity.

• Multi-tenant building with two suites, both fully leased by qualified national tenants
• Located in the heart of Uptown, Albuquerque’s #1 retail trade area
• Excellent visibility at signalized intersection on Louisiana Blvd
• Adjacent to Coronado, Winrock and ABQ Uptown malls
• Over 32,400 VPD on Louisiana Blvd
• Approx. 96,084 total daytime employees within 5 minutes
• Nearby freeway access

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Uptown
Tax ID/APN: 101905903615530912
Zoning: MX-H - Mixed-use: High Intensity
Property Visibility: Excellent
Largest Nearby Street: Louisiana Blvd
Traffic/Vehicle Count: 32,400
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,207 179,031 336,484
Median Age: 42.59 37.43 38.57
Households: 8,961 79,813 148,423


Photograph of Listing Agent

Benjamin Perich

Colliers CARNM CIE Member
Photograph of Listing Agent

Chase Ruffin

Colliers CARNM CIE Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.