1405-1409 Renaissance Blvd, Albuquerque, NM 87107
40,000 SF | 100% Leased | Retail Building | Albuquerque, NM 87107 | $4,877,400 ($122/SF) | 7.85% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,877,400
- Property Type
-
Retail
- Square Feet
- 40,000 SF
- Price / Square Foot
- $122
Listing Contacts
Anthony Johnson
Verified Profile
AJ Johnson
Verified Profile
- Property Info
Property Overview
Located in the Albuquerque Market, this 40,000 square foot multi-tenant building features two popular tenants, DollarTree and Office Depot. Both stores are surrounded by other major retailers as well making the area a frequented spot for Albuquerque locals. With an asking price of $4,877,400 and a 7.85% cap rate, this is a prime investment opportunity.
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 155,074 SF
Highlights
- Two tenant retail investment opportunity.
- The property is surrounded by other major retail tenants such as The Home Depot, Costco, Sam's Club, Sportsman's Warehouse and more.
- The building is home to two stable tenants including Dollar Tree with a 7 year term.
- Property features a strong cap rate of 7.85%.
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