12830 Central AveAlbuquerque, NM 87123

This Albuquerque, NM storefront presents a compelling net-lease investment opportunity. Located at 12830 Central Ave SE, 87123, this property boasts 2,414 square feet across two single-story buildings on a 0.64-acre lot. The property, built in 1967 and extensively renovated in 2021, features a new metal roof, iron fence, two entrance gates, updated bathrooms and kitchen, a new furnace and A/C, a heat pump in the shop area, and a washer/dryer. The interior of the main building showcases a tongue-and-groove ceiling. Currently 100% occupied with a credit-rated tenant under a 7-year NNN lease (commencing June 1, 2024, and expiring June 1, 2031), generating a substantial annual net operating income (NOI) of $62,400. The property is zoned C-2, offering flexibility for future uses. Ample parking is available, with 40 spaces per 1,000 square feet. The asking price is $795,000, representing a 7.85% cap rate and a price per square foot of $329.33. The land value alone is $30.81 per square foot. Owner financing options are available, with terms negotiable. Potential for trade or exchange for other real estate is also considered.