100% Leased Shopping Center For Sale

Shopping Center for Sale
Catylist Listing ID: 30700079
Property Subtypes: Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 47,551 SF
Gross Building Area: See Agent
Gross Land Area: 3.41 SF
Sale Price: $5,216,450
Unit Price: $109.70 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 5/24/2021

Overview / Comments

-NOI | $391,233.62
-100% Leased
-Below Market Rents
-Base + Percentage rent on Melrose

Property Overview:
San Mateo Square is a 47,551 SF Shopping Center located in the
NE Heights of Albuquerque, New Mexico. This shopping center is
100% occupied by a multitude of National and Local tenants. The
property is anchored by DD’s Discounts and is a regional leader
for the brand. The Shopping Center is situated on 3.41 Acres of
MX-M zoned land allowing for a wide variety of uses. The property
boasts over 460’ of frontage to San Mateo Blvd. The property has
four points of ingress/egress and has left-in/left-out access to
San Mateo. San Mateo Square is also home to Melrose, Allstate
Insurance, The Grill Restaurant, World Finance, Hunter Douglas,
Nutrition Del Norte, NM Brief Relief & San Francisco Nail. The
property also generates revenue from two outparcel users, an
emissions station and a CU Anytime ATM.

Location Overview:
San Mateo Square is located in the NE quadrant of Albuquerque,
New Mexico on a major North/South Thoroughfare. Located on San
Mateo, the property is visible to over 39,000 VPD on the commuter
corridor. This center is near the geographic center of Albuquerque
(San Mateo & Montgomery) making for a convenient location for
business and benefiting from high population density. The property
is in direct proximity to a major power center (Montgomery Plaza)
as well as within close proximity to Albuquerque Uptown and the
high daytime population that resides there.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 101806002416031401
Feet of Frontage: 460
Traffic/Vehicle Count: 39,000
Zoning Description: MX-M
Lot Frontage: 460

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,546 138,243 365,467
Median Age: 38.23 38.76 38.23
Households: 9,463 62,575 159,718


Photograph of Listing Agent

Daniel Kearney

Photograph of Listing Agent

Austin Tidwell

Photograph of Listing Agent

Robert Powell, CCIM

© Copyright 2001-2020 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.