ZONING: MX-M, City of Albuquerque

LAND AREA: 2.6114+/- square feet

BUILDING: 30,000 +/- square feet in the Four Story Tower
Plus approx. 32,000± Square Feet in the Retail Showroom & Offices
TOTAL: Approx. 62,000± Total Square Feet

TRAFFIC COUNTS: 31,300 on Menaul, 36,700 on San Mateo

PRICE: $3,990,000
LEASE TERM: See Agent

INCOME: $252,000/Year, NNN for Baillio’s
Plus $15,600/Year for Verizon Cell Tower
TOTAL: $267,600/Year Income

RENTAL INCREASES: 2% Annual Increases in the Rent for Baillio’s

OPTIONS TO EXTEND: Three 5 Year Options to Extend

CAP RATE: 6.71%

DEMOGRAPHICS:

REMARKS: The Tenant occupies the entire four story tower, the retail showroom and offices. This retail investment property is located near the busy intersection of Menaul & San Mateo, is located in a highly sought after retail corridor, it is in heavy traffic area of Albuquerque, is located close to major shopping malls, and has easy access to I-40.

LAND AREA: 11.2747 +/- Acres

ZONING: MX-M, City of Albuquerque

TRAFFIC COUNTS: 23,700 CPD on Central, 9,900 CPD on Bridge

PRICE: $4,175,570 ($8.00/sf )

TERMS: Cash upon Closing

DEMOGRAPHICS: 

REMARKS: This property is located on Central Ave. between Unser & 98th Streets, and would be good for gas stations, fast food, dollar stores and other small retailers. The sellers are willing to sell all or part of the property, and will consider some owner financing.