NNN Investment | Retail Center

Retail-Commercial for Sale
Catylist Listing ID: 30802271
Property Subtypes: Street Retail
Building Size (RSF): 13,860 SF
Gross Building Area: See Agent
Gross Land Area: 3.03 Acres
Sale Price: $8,250,000
Unit Price: $595.24 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Project 528
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

Property Highlights
• High performing Chipotle Ground Lease – Recently extended to 9.5 years
• 6/6 Corporate leases: Chipotle, Five Guys, Xfinity, American First Credit Union, APEX Physical Therapy & Pacific Dental Services.
• ±1,298 SF inline vacancy with two year rent guarantee by seller
• Chipotle Ground Lease priced at 4.75% CAP, Strip priced at 7% for a blended rate of 6.5%

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Cottonwood
Tax ID/APN: ABQ6655
Zoning: NR-BP - Non-residential: Business Park
Tenancy: Multiple Tenants

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,353 78,122 201,491
Median Age: 34.46 39.19 38.36
Households: 3,816 31,120 80,760

Contact

Photograph of Listing Agent

Brett Hills

NAI SunVista CARNM CIE Member
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