4320 Lead Ave SE

Retail-Commercial for Sale
Catylist Listing ID: 30458131
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 1,000 SF
Sale Price: $390,000
Unit Price: $390 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Natural RX
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 8/19/2019

Overview / Comments

Great retail property with high traffic counts and great visibility from two directions on Lead Avenue and Coal Avenue. Long term tenant in place through 9/30/2027 on NNN lease with rental increases every other year. $31,200 NOI, 8% cap rate at list price and 9.42% IRR. May be combined with other properties and similar terms for up to $1,150,000.

Call owner/broker for details. Traditional financing may not be available. Formerly a gas station with all tanks removed and inspections performed by NMED. Square footage estimated and to be verified.

Do not disturb tenant.

Current Tenants

Tenant Business Name Natural RX
Industry Type Health Care and Social Assistance
Is Renting? Yes
Current Rent $30,000 PSF (Annual)
Lease Expiration 9/0030
Escalations $100 monthly increases every other year.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101705722309832101
Zoning: MX-L - Mixed-use: Low Intensity
Retail Clientele: Other
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2019
Construction/Siding: Block, Stucco
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,660 118,479 286,489
Median Age: 38.69 35.46 37.08
Households: 12,047 52,631 124,761

Contact

Photograph of Listing Agent

Mark Thompson

Cauwels & Stuve Realty and Development Advisors
CARNM CIE Member
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