Bridges On Tramway

Retail-Commercial for Lease
Lease Pending
Also listed as Shopping Center
Catylist Listing ID: 30376079
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Contiguous Space: 1,424 - 3,128 SF
Total Available: 5,524 SF
Gross Building Area: 17,344 SF
Lease Rate: $20 - 22 PSF (Annual)
Base Monthly Rent: $2,610
Lease Types: NNN
Building Name: Bridges On Tramway
Last Updated: 11/4/2019

Overview / Comments

Tramway has long had a cultural and logistical importance to the
Albuquerque Metro area. Not only is Tramway an important commuter
byway to the NE Heights, it is also the gateway to the Sandia
Mountains and all the recreation it has to offer. Nestled between
the iconic Bridges on Tramway lies a property located on the NW
corner of Candelaria and Tramway that has long been underutilized.
The property is walking distance from recreation trails, bike paths,
open space, and iconic neighborhoods. Residents, tourists and
enthusiasts agree that this area is long overdue for a locale where
the community can gather.

Hastings Entertainment vacated this 20,000 SF Tramway property in 2017 due to their Chapter 7 bankruptcy and resulting closure. The property that sits on 2.1 acres of land will be redeveloped into a multi-tenant retail center and aims to bring the entertainment just as Hastings once did. Construction on this project
began on 03/01/2019. Delivery of the exterior renovations and finishes will be completed September 01, 2019 with tenant specific work to follow. Landlord aims to deliver all suites in a similar condition and will provide a Statement of Landlord Work to interested tenants that will detail delivery conditions. Suites shall share
a common area hallway and share common restrooms. Utilities will be
sub-metered but tenants will all pay a flat rate for gas, electric and water.

Rentable SF: 17,344
Available SF: 1,200-3,200
Zoning: MX-L
Parking: 6.5:1,000
Utilities: $3.00 PSF (Through 2021)
NNN: $2.00 PSF (Through 2021)
TIA: $10 PSF (5+ year term)
Traffic Counts:
Tramway: 27,610 VPD
Candelaria: 7,168 VPD

Current Tenants:

Boxing Bear
Burrow Cafe
Redwine Accounting
Hot Yoga Infusion
CBD Boutique
The Paleta Bar

Expand All 3 Spaces Available

Suite: B 1,424 SF $22 PSF (Annual) NNN
Suite: C 1,704 SF $22 PSF (Annual) NNN
Suite: G 2,396 SF $20 PSF (Annual) NNN

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 102206051400040960
Zoning: MX-L - Mixed-use: Low Intensity

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,350 114,984 253,570
Median Age: 44.08 41.75 40.44
Households: 7,206 51,275 111,354

Contact

Photograph of Listing Agent

Daniel Kearney

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Austin Tidwell

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

Retail Solutions CARNM CIE Member
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