5001 Cutler AveAlbuquerque, NM 87110

Property Details for 5001 Cutler Ave

Year built

2004

Lot size

1.01 AC

Property size (Sq ft)

12,644 SF

Property type

Retail space

APN

1-017-059-451-139-1-09-02

APU

101705945113910902

Description

This exceptional investment opportunity presents a freestanding, 13,047-square-foot Office Depot retail building situated on a 1.006-acre lot in Albuquerque, New Mexico. The property boasts a highly desirable C-2 zoning and benefits from a corporate-guaranteed, 5-year net lease (NN) with a remaining term of approximately 3.9 years. The lease commenced October 1, 2023, and expires September 30, 2028, featuring built-in rent increases. The property's strong financial performance is reflected in its attractive 8.32% cap rate and a substantial net operating income (NOI) of $166,349. The asking price is $1,999,000, translating to a price per square foot of $153.22. Located at 5001 Cutler Ave NE, Albuquerque, NM 87110, this single-tenant property enjoys a prominent position in a high-traffic retail corridor, offering excellent pylon signage, visibility, and accessibility. The lease includes two options for renewal, providing long-term stability and potential for future growth. This is a rare opportunity to acquire a well-performing, net-leased retail asset with a strong corporate tenant and significant upside potential. The property's location and tenant strength make it an ideal addition to any diversified investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,686,006

  6.5%

  $2,479,390

  7%

  $2,302,291

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,745,522

  Geo Method

  $2,632,511

• Alternative Use

  Use

  Valuation

  Residential

  $2,091,459

  Hospitality

  $1,915,765

  Educational

  $1,593,894

  Medical

  $1,648,710

  Retail

  $2,479,390

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1058

Longitude

-106.589

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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