Retail at The Grove

Retail-Commercial for Lease
Catylist Listing ID: 30441790
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 1,150 - 2,550 SF
Total Available: 1,150 SF
Building Size (RSF): 1,150 SF
Gross Building Area: 25,000 SF
Gross Land Area: 44,000 SF
Lease Rate: $20.50 - 25 PSF (Annual)
Base Monthly Rent: $1,964 - 2,395
Lease Types: Net Lease
Building Name: The Grove Cafe-600 Central Avenue
Usable Size (USF): 1,150 SF
LEED Certified: Yes
Last Updated: 8/16/2019

Overview / Comments

This storefront property has the ability to access by the central corridor between the Grove Cafe' and the 600 Office Center. Retail/Service tenants include The Grove, Waves Salon, Nail Naturale and ATI Physical Therapy. There are approximately 15-office tenants at the second level of the property and parking both on-site and off-site is significant for this transitioning neighborhood. Edo's ART STATION is at Walter and Central, adjacent to the property. The neighborhood is flush with restaurants, salons, yoga studios, and even retailers. A new Hilton Hotel project is under construction in the neighborhood and Innovate ABQ is planning to build their next building very soon. The corridor is well lit and the property has exceptional LED lighting throughout the exterior and the on-site parking areas. The building is accessible from Central Avenue and has a new intersection light at High St. Common Area bathrooms use is the norm for this suite, used as the 2-TIME COUTURE through August this year. This building has on-site building management and concierge type services available.

Corridor Signage is available at this location and City allowance is very liberal.

Expand All Available Space

Suite: D 1,150 SF $20.50 - 25 PSF (Annual) Net Lease
Level/Floor: 1
Space Available: 1,150 SF
Max Contiguous: 2,550 SF
Lease Rate: $20.50 - 25 PSF (Annual)
$1,964 - 2,395 (Monthly)
Lease Type: Net Lease
Space Description: See Listing Details
Space Subcategory: Neighborhood Center, Fashion/Specialty
Date Available: 8/1/2019
Lease Term: 7 Months
Space Type: Relet
Conference Rooms: 2
Parking Spaces 90
Tax Expenses $0.75 PSF (Annual)
Operating Expenses $0.60 PSF (Annual)
CAM Expenses $0.45 PSF (Annual)
Rent Escalators Description Negotiable
Rent Concession Negotiable

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Taxing Authority: Bernalillo County
Tax ID/APN: 111111111
Zoning: MX-FB - Mixed-use: Form-based Zone District
Retail Clientele: General, Business, Tourist, Convention
Property Located Between: High Street and Walter Ave., S.E.
Property Visibility: Excellent
Largest Nearby Street: Central Avenue and I-25
Traffic/Vehicle Count: 21,500
Highway Access: I-25 North and South from Central Ave, approximately 600' to the East of the subjection
Airports: Albuquerque Sun Port
Site Description: Building on approximately 10,000 SF footprint on 44,000 SF of land.
Area Description: EDo Neighborhood/Hunings Highland Historic Neighborhood Assoc. is adjacent to the property and the EDo Neighborhood
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,000 SF
Property Condition: Excellent
Year Built: 1952
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: See Photos for description
Total Parking Spaces: 90
Parking Type: Surface
Parking Description: On-Site plus Off Site
Freight Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, T1/T3, Fiber Optic
Interior Description: Retail Warm Shell
Zoning Description: MX-L
Lot Frontage: 300
Lot Depth: 152
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Easements Description: N/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,767 112,291 292,083
Median Age: 33.89 35.6 35.46
Households: 6,039 48,569 120,764


Photograph of Listing Agent

David W Blanc

Compass Realty Inc. CARNM CIE Member
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