Vacant Asset With Income

Retail-Commercial for Sale
Catylist Listing ID: 30741171
Property Subtypes: Free-Standing Building, Retail-Pad, Other
Building Size (RSF): 2,800 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Unit Price: $482.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2021

Overview / Comments

• Current Triple Net (NNN) Investment
• Rent Adjustment: 2/24/2025: $122,931
• Low Price Point
• Corporately Guaranteed by Mid-Atlantic Dental Services Holdings LLC
• Lease Expires 2/23/2030
• Building constructed in February 2015
• Located on hard corner of Central and Coors
• Fee simple investment (land and building)
• Tenant positioned for lease buyout due to having closed store
• Real Estate currently boarded up by tenant and not occupied
• Tenant is not in default
• Fundamental intersection, heavy traffic flows, great visibility, & access
• Opportunity to reposition the real estate
• Potential to develop a drive-thru
• Central Ave & Coors Blvd are primary traffic thoroughfares & commuter routes
• Take advantage of low interest rates
• Adjacent to Wendy’s, Carl’s Jr, Walgreens, Smith’s, Dion’s.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 101005748323240702

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,968 131,577 211,170
Median Age: 31.73 32 33.04
Households: 5,751 45,607 76,782

Contact

Photograph of Listing Agent

Keith Bandoni

Colliers CARNM CIE Member
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