San Mateo Central Retail Pad

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 29847635
Property Subtypes: Free-Standing Building, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, General
Status: Pending
Building Size (RSF): 1,790 SF
Gross Building Area: See Agent
Gross Land Area: 14,750 SF
Sale Price: $300,000
Unit Price: $167.60 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 5309 Silver SE
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 8.5%
Last Updated: 11/13/2020

Overview / Comments

SALE LEASEBACK OPPORTUNITY WITH ONE OF THE LARGEST TITLE LOAN COMPANIES IN THE COUNTRY - EQUIVALENT TO AN 8.50 CAP RATE - 3 YEAR LEASE BACK WITH ANNUAL BUMPS. High profile C-3 zoned pad site near SEC of bustling San Mateo/Central intersection across from Super Walmart. Great investment opportunity for a smaller investor.

Attachments & Media

Current Tenants

Tenant Business Name Cash 4 Titles
Current Rent $23,270 PSF (Annual)
Escalations 2.5% annual escalations
Tenant Notes Company has close to 280 stores in 10 states

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: ABQ152808
Largest Nearby Street: San Mateo Blvd.
Feet of Frontage: 110
Site Description: C-3 zoned lot lies one parcel south of the San Mateo/Central hard corner, adjacent to the long established Octopus Car Wash and and across the street from a Super Walmart. Approx. 110' of San Mateo frontage with the ability to assemble an additional 13,085 SF of land w/ 4,560 SF building east of subject property for a total potential land area of 27,835 SF. Excellent opp for a high profile pad user, such as a convenience store, service station, fast food and general strip retail.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,790 SF
Property Condition: Good
Year Renovated: 2013

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,786 123,079 299,580
Median Age: 39.86 35.98 37.18
Households: 9,685 54,891 131,355


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