Investment Property on Wyoming

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30778567
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
Building Size (RSF): 3,778 SF
Gross Land Area: 0.26 Acres
Sale Price: $659,000
Unit Price: $174.43 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 301 Wyoming Blvd NE
Usable Size (USF): 3,778 SF
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Last Updated: 1/4/2022

Overview / Comments

Building is currently Lease to a cannabis tenant on a 3 yr lease with 1-3yr option.
See more details on flyer and APOD

Current Tenants

Is Renting? Yes
Current Rent $48,000 PSF (Annual)
Escalations 3% increase each year.
Options 1- 3 yr option with 3% increase each year

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101905753320142416
Zoning: MX-M - Mixed-use: Moderate Intensity
Retail Clientele: General, Business, Traveler, Recreation
Property Located Between: Copper & Central
Property Visibility: Excellent
Largest Nearby Street: Central
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Package Unit
Interior Description: Front build out as reception with offices and the back portion is warehouse with 3 roll up doors.
Zoning Description: Mixed use Medium Intensity
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,371 154,758 268,634
Median Age: 32.02 37.5 37.93
Households: 10,042 67,822 119,704


Photograph of Listing Agent

Richard Hanna

Hanna Commercial, LLC CARNM CIE Member
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