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1405-1409 Renaissance Blvd NE

40,000 SF 100% Leased Retail Building Albuquerque, NM 87107 $6,851,186 CAD ($171 CAD/SF) 7.85% Cap Rate

Investment Highlights

  • Two tenant retail investment opportunity.
  • The building is home to two stable tenants including Dollar Tree with a 7 year term.
  • The property is surrounded by other major retail tenants such as The Home Depot, Costco, Sam's Club, Sportsman's Warehouse and more.
  • Property features a strong cap rate of 7.85%.

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
40,000 SF
Building Class
B
Year Built
1999
Price
$6,851,186 CAD
Price Per SF
$171 CAD
Cap Rate
7.85%
NOI
$537,818 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
3.56 AC
Zoning
MX-M - Mixed-Use - Moderate Intensity Zone District (MX-M)
Parking
220 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
151 ft on Alexander Blvd

Amenities

  • 24 Hour Access
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

The ODP Corporation (NASDAQ:ODP) is a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies Office Depot, LLC; ODP Business Solutions, LLC; Veyer, LLC; and Varis, Inc., The ODP Corporation empowers every business, professional, and consumer to achieve more every day.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000
Retailer - - Lorem Ipsum Jan 0000

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
6,164
82,631
253,877
411,194
2029 Population
6,181
82,726
253,688
410,957
2024-2029 Projected Population Growth
0.3%
0.1%
-0.1%
-0.1%
Median Age
35.6
40.2
41.0
40.9
College Degree + Higher
22%
35%
41%
21%
Daytime Employees
11,376
90,973
230,837
289,901
Total Businesses
795
9,918
26,903
34,366
Average Household Income
$51,209
$76,449
$84,754
$82,586
Median Household Income
$35,114
$53,375
$58,875
$57,112
Total Consumer Spending
$60.7M
$1.1B
$3.4B
$5.3B
2024 Households
2,749
38,073
116,406
182,727
Average Home Value
$238,200
$308,873
$340,367
$317,947
$ values in USD

Nearby Major Retailers

Starbucks
IHOP
Fuddruckers
Bank of Albuquerque
CrossFit
Cheddar's
Pappadeaux Seafood Kitchen
Red Robin
Blake's LotaBurger
Bank of Montreal

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-016-061-195281-2-10-15
Land Assessment
$288,673 CAD
Improvements Assessment
$622,812 CAD
Total Assessment
$911,485 CAD
  • Listing ID: 29931757

  • Date on Market: 2023-10-31

  • Last Updated:

  • Address: 1405-1409 Renaissance Blvd NE, Albuquerque, NM 87107

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