For Sale
$10,608,000

2100 Louisiana Blvd Albuquerque, NM 87110

Fidelity-anchored, NNN-leased storefront.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents the fee simple interest in a brand-new, 8,000-square-foot storefront occupied by Fidelity Investments. Located in Albuquerque, New Mexico, at 2100 Louisiana Blvd NE, this property boasts a 10-year NNN lease commencing January 1, 2024, and expiring December 31, 2033, with a 9.1-year remaining term. The lease features a strong, creditworthy tenant (Fidelity Investments, privately owned by FMR LLC with an S&P rating of A+), guaranteeing consistent income. The lease includes annual rent bumps of 2%, providing inflation protection and increased returns. The property is situated on a 0.72-acre lot within the 83-acre Winrock Town Center, a thriving mixed-use development featuring retail, entertainment, and office space. Its prime location along a high-traffic corridor (I-40 Freeway with 160,000 vehicles per day and Louisiana Blvd. with 64,000 vehicles per day) ensures high visibility and accessibility. The property's strong demographics include over 820,000 people and over 297,000 daytime employees within a 20-mile radius, boasting an average household income exceeding $81,000. Built in 2024, the property benefits from new construction warranties passed to the buyer. The asking price is $10,608,000, representing a 5.00% cap rate and a net operating income (NOI) of $530,400. The property is zoned for commercial use and has a Bernalillo County APN of 1-019-058-104-385-2-04-25. This is a rare opportunity to acquire a secure, high-performing retail investment with significant long-term potential.

Highlights

  • Fee simple interest in a brand-new, 8,000 SF storefront occupied by Fidelity Investments (S&P A+ credit rating) under a 10-year NNN lease, expiring December 31, 2033.
  • 2% annual rent increases built into the lease.
  • Located within the Winrock Town Center, a thriving mixed-use development in Albuquerque, NM, adjacent to Target and Dillard's, fronting Louisiana Blvd.
  • High-traffic location with over 160,000 VPD on I-40 and 64,000 VPD on Louisiana Blvd. Strong demographics with over 820,000 people and 297,000 daytime employees within a 20-mile radius, and average household income exceeding $81,000.
  • New construction with warranties transferred to the buyer; Asking price: $10,608,000, representing a 5.00% cap rate and $530,400 NOI.

Property Details for 2100 Louisiana Blvd

Property type
Retail properties, Retail space
Square Feet
8,000 SF
Year Built
2024
Lot Size (sq. ft)
31,363 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.100623
Longitude
-106.5654531

FAQs

What type of property is this?
Retail property - Fidelity-anchored, NNN-leased storefront.
Where is the retail property located?
The property is located at 2100 Louisiana Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $10,608,000.
What are key features of this property?
This property features: Fee simple interest in a brand-new, 8,000 SF storefront occupied by Fidelity Investments (S&P A+ credit rating) under a 10-year NNN lease, expiring December 31, 2033.; 2% annual rent increases built into the lease.; Located within the Winrock Town Center, a thriving mixed-use development in Albuquerque, NM, adjacent to Target and Dillard's, fronting Louisiana Blvd.
How can I contact the broker?
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2100 Louisiana Blvd
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