5400 Menaul BlvdAlbuquerque, NM 87110

Property Details for 5400 Menaul Blvd

Year built

1960

Lot size

0.33 AC

Property size (Sq ft)

4,530 SF

Property type

Land

Property subtype

Commercial land

APN

1-018-059-075-252-3-23-12

APU

101805907525232312

Description

This exceptional investment opportunity presents a brand-new, 1,412 square foot auto shop in Albuquerque, New Mexico. Located at 5400 Menaul Blvd NE, this Class B property boasts a prime location with excellent visibility and access, experiencing approximately 34,000 vehicles per day. The property features a 15-year absolute triple-net (NNN) lease, commencing January 14, 2023, with a tenant, a Take 5 Oil Change franchisee, providing zero landlord responsibilities. The lease includes 10% rent increases every five years, ensuring consistent income growth. The current Net Operating Income (NOI) is $147,450, yielding a 6.00% cap rate based on the asking price of $2,458,000. The property sits on a 0.33-acre lot with six parking spaces and is part of a thriving commercial area, less than half a mile from Coronado Center, a major shopping mall, and close to I-40, Pavilions at San Mateo, and the University of New Mexico. The tenant is a high-growth operator with a strong track record and significant expansion plans. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential in a rapidly developing market. The building was constructed in 2022 and has 100% occupancy. The lease includes six, five-year options. The property's strong demographics, with an average household income exceeding $65,500 within a five-minute drive, further enhance its investment appeal.

• Alternative Use

  Use

  Valuation

  Residential

  $749,312

  Hospitality

  $686,366

  Educational

  $571,049

  Medical

  $590,688

  Retail

  $888,298

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1088

Longitude

-106.584

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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