5401 Central Ave Albuquerque, NM 87105

This exceptional investment opportunity presents a 22,773 square foot shopping center in Albuquerque, New Mexico. Located at 5401 Central Ave NW, this stabilized property boasts a 100% occupancy rate with four tenants, generating a strong net operating income (NOI) of $215,494 and an 8.50% capitalization rate. The asking price is $2,535,228, translating to $111.33 per square foot. Built in 1974, the property sits on a 1.909-acre lot and features 126 parking spaces, ensuring ample customer convenience. The property benefits from excellent visibility and accessibility, situated on a major arterial road with three convenient access points and prominent pylon signage. The current lease type is NNN (Net, Net, Net), and the zoning is MX-M. This multi-tenant retail center offers significant value-add potential due to below-market rents averaging $9.72 per square foot. The property's location on Albuquerque's historic Route 66, within a high-traffic, high-density area, further enhances its appeal. This below-replacement-cost asset is an ideal choice for investors seeking a stabilized, high-performing property with potential for future growth. The property is currently 100% leased to a mix of national and local retailers.