For Sale
$2,650,000

4000 Central Ave Albuquerque, NM 87105

High-yield storefront, 9,868 SF, 8.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 9,868-square-foot retail storefront located at 4000 Central Ave SW in Albuquerque, New Mexico, 87105. The property sits on a 1.01-acre lot and boasts a highly desirable MX-M zoning designation. Currently 100% leased, this center offers a strong, stable income stream with a current cap rate of 8.50% and a pro-forma cap rate of 8.52%, generating a pro-forma net operating income (NOI) of $225,720. The property features a hard corner location with excellent visibility to over 42,000 vehicles daily, ensuring high traffic and exposure for tenants. Ample parking is provided with 48 spaces available. Long-term tenants and staggered lease expirations, with some extending into 2029, provide stability and future growth potential. The property is situated in a robust trade area, supported by an average household income exceeding $80,253 within a five-mile radius. This well-positioned retail center represents a compelling investment opportunity for discerning buyers seeking strong returns and long-term value. The asking price is $2,650,000.

Highlights

  • 9,868-square-foot retail storefront on a 1.01-acre lot in Albuquerque, NM.
  • Highly desirable MX-M zoning.
  • 100% leased, generating a pro-forma NOI of $225,720 and an 8.52% pro-forma cap rate.
  • Hard corner location with excellent visibility and 48 parking spaces.
  • Long-term tenants with staggered lease expirations extending into 2029.
  • Located in a strong trade area with average household income exceeding $80,253 within a five-mile radius.

Property Details for 4000 Central Ave

Property type
Retail properties, Retail space
Square Feet
9,868 SF
Lot Size (sq. ft)
43,996 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0859998
Longitude
-106.684123

FAQs

What type of property is this?
Retail property - High-yield storefront, 9,868 SF, 8.5% Cap Rate
Where is the retail property located?
The property is located at 4000 Central Ave Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 9,868-square-foot retail storefront on a 1.01-acre lot in Albuquerque, NM.; Highly desirable MX-M zoning.; 100% leased, generating a pro-forma NOI of $225,720 and an 8.52% pro-forma cap rate.
How can I contact the broker?
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4000 Central Ave
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