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: 3/3/2021

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

Contact

Photograph of Listing Agent

Daniel Kearney

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Austin Tidwell

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

RESOLUT RE CARNM CIE Member
© 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.