Retail Shops Investment | 13.8% Return | 3% Annual NOI Growth

Shopping Center for Sale
Catylist Listing ID: 30344332
Property Subtypes: Strip Center
Building Size (RSF): 8,859 SF
Gross Building Area: See Agent
Sale Price: $2,476,000
Unit Price: $279.49 PSF
Property Use Type: Investment
Building Name: Taurus Square
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Last Updated: 12/10/2018

Overview / Comments

INVESTMENT HIGHLIGHTS

+ Ideal 1031 exchange property - 13.8% return.
+ 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.
+ Large trade area with excellent customer base.
+ Excellent visibility and access with prominent pylon signage.
+ Prominent location at the southwest corner of a major Albuquerque intersection, San Mateo Blvd. and Menaul Blvd.
+ 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

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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
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