11001 Menaul Blvd Albuquerque, NM 87112
Albuquerque Retail Center - High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- High-performing Walmart Neighborhood Market anchors this center, generating over $21M in annual sales and attracting over 1 million consumers annually.
- National and regional credit tenants occupy 83% of the gross leasable area (GLA), demonstrating strong long-term performance.
- Investment-grade tenants on triple-net leases contribute 79% of the net operating income (NOI), providing a reliable cash flow stream.
- A separate drive-thru parcel offers a value-add opportunity with market-rate rental potential.
- This established center serves Albuquerque's affluent Foothills neighborhood, a trade area with over 118,000 households earning over $85,000 annually and nearly 260,000 daily consumers.
Property Details for 11001 Menaul Blvd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 93,302 SF
- Year Built/Renovated
- 1973/2023
- Buildings
- 2
- Stories
- 1
Location Insight
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Latitude
- 35.10896711
- Longitude
- -106.51766441
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - Albuquerque Retail Center - High NOI
- Where is the lifestyle center located?
- The property is located at 11001 Menaul Blvd Albuquerque, NM.
- What are key features of this property?
- This property features: High-performing Walmart Neighborhood Market anchors this center, generating over $21M in annual sales and attracting over 1 million consumers annually.; National and regional credit tenants occupy 83% of the gross leasable area (GLA), demonstrating strong long-term performance.; Investment-grade tenants on triple-net leases contribute 79% of the net operating income (NOI), providing a reliable cash flow stream.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].