Catylist ID:
#30700079
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. |
Attachments & Media
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 |
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 |
Contact
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