11001 Menaul Blvd NE
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
11001 Menaul Blvd NE
93,302 SF 100% Leased Retail Building Albuquerque, NM 87112 For Sale
Investment Highlights
- TOP RANKED GROCERY CENTER – Walmart Neighborhood Market draws over 1 million consumers.
- RELIABLE CASH FLOW – 79% of the net operating income is generated by investment grade tenants on triple net lease structures.
- NATIONAL CREDIT TENANTS – 83% of the gross leasable area is Occupied by national & regional credit tenants with long-term operating success.
- VALUE-ADD – Separate drive thru parcel available at market rent.
Executive Summary
Institutional Property Advisors has been selected to exclusively market for sale the fee simple interest in Foothills Center located at the signalized intersection of Menaul Boulevard and Juan Tabo Boulevard in Albuquerque, New Mexico. The offering includes an existing 93,302 square feet of gross leasable area and a separate parcel suitable for a drive-thru quick serve restaurant. The Center is one of the most frequent visitor locations in the established Sandia Foothills.
The Center is 98% occupied by Walmart Neighborhood Market (WMT), Harbor Freight, dd’s Discounts (ROSST), Einstein Bagels, AT&T, GameStop (GME), Sally Beauty (SBH) and soon to open Hibbett Sports (HIBB). The retail mix of everyday essential goods generates over one million customer visits annually and generates 80% reliable credit tenant cash flow on triple net lease structures. Several leases are open to Fair Market Rent Uplift adjustments upon expiration and the property includes a 0.5-acre pad site creating future upside potential.
The Center is 98% occupied by Walmart Neighborhood Market (WMT), Harbor Freight, dd’s Discounts (ROSST), Einstein Bagels, AT&T, GameStop (GME), Sally Beauty (SBH) and soon to open Hibbett Sports (HIBB). The retail mix of everyday essential goods generates over one million customer visits annually and generates 80% reliable credit tenant cash flow on triple net lease structures. Several leases are open to Fair Market Rent Uplift adjustments upon expiration and the property includes a 0.5-acre pad site creating future upside potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
93,302 SF
Building Class
C
Year Built/Renovated
1974/2023
NOI
$1,313,204 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
8.61 AC
Parking
315 Spaces (3.38 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Burlington
- -
- -
- -
- -
- Ross
- -
- -
- -
- -
- Tjmaxx
- Retailer
- -
- -
- -
- Ulta
- -
- -
- -
- -
- Walmart
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Burlington | - | - | - | - | ||
| Ross | - | - | - | - | ||
| Tjmaxx | Retailer | - | - | - | ||
| Ulta | - | - | - | - | ||
| Walmart | - | - | - | - |
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,235,612 CAD | |
| Land Assessment | $1,265,823 CAD | Total Assessment | $2,501,434 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,265,823 CAD
Improvements Assessment
$1,235,612 CAD
Total Assessment
$2,501,434 CAD
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
11001 Menaul Blvd NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.