Retail Shops Investment | 8.0% CAP | Cash on Cash 5 Yr Average: 10.92%

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30344332
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 8,859 SF
Gross Building Area: See Agent
Sale Price: $2,089,000
Unit Price: $235.81 PSF
Property Use Type: Investment
Building Name: Taurus Square
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 4/15/2019

Overview / Comments

INVESTMENT HIGHLIGHTS

• 10.92% Cash on Cash Return - 5-year average.
• Staggered lease expirations provide secure future tenancy and limited lease roll over at one time.
• Compounded annual NOI growth of 3.0% from built-in increases.
• Prominent location at the southwest corner of a major Albuquerque intersection, San Mateo Blvd. and Menaul Blvd.
• Large trade area with excellent customer base.
• Densely populated 360-degree trade area.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: ABQ97552
Property Visibility: Excellent
Largest Nearby Street: San Mateo & Menaul
Total Number of Buildings: 1
Number of Stories: 1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,418 152,771 354,925
Median Age: 39.79 37.01 38.09
Households: 8,499 68,716 155,589

Contact

Photograph of Listing Agent

Jim P Dountas

CBRE
CARNM CIE Member
Photograph of Listing Agent

Lia Armstrong

CBRE CARNM CIE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.