Freestanding Retail Center - Belen NM

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30797920
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 15,610 SF
Gross Building Area: See Agent
Gross Land Area: 1.12 Acres
Sale Price: $459,841
Unit Price: $29.46 PSF
Property Use Type: Investment
Building Name: Henry's Center
Sale Terms: Cash to Seller
Cap Rate: 12.0%
Last Updated: 5/6/2022

Overview / Comments

Henry's Center is a 15,610 sf freestanding retail strip center located on Main St in Belen, NM. This property is 85.7% occupied with six tenants and sits on 1.12 acres. The property is about 40 minutes from the Albuquerque International Airport and within proximity to major regional employers.

Highly desirable sized retail investment property
85.7% leased with predictable cash flow and return
Below market rents
Diverse tenant mix
Located on primary arterial

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Taxing Authority: Valencia County
Tax ID/APN: R070132
Zoning: COMMERCIAL
Property Located Between: Interstate 25 and Main Street
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,286 11,809 19,804
Median Age: 39.21 40.14 40.46
Households: 1,779 4,679 7,707

Contact

Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
CARNM CIE Member
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