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Stable Multi-Tenant Retail Investment 5401 Central Ave NW

22,773 SF 100% Leased Retail Building Albuquerque, NM 87105 $3,565,545 CAD ($157 CAD/SF) 8.50% Cap Rate

Retail Buildings New Mexico Albuquerque 5401 Central Ave NW, Albuquerque, NM 87105

Investment Highlights

  • Stabilized neighborhood shopping center
  • Excellent visibility, access and pylon signage
  • Located on major Albuquerque arterial

Executive Summary

Colliers is pleased to bring to market Central Plaza at 5401 Central Ave NW, a neighborhood retail strip center located on Albuquerque’s historic Route 66 . The property is excellently positioned on a major arterial in a high-traffic, high-density area with three immediate access points, excellent visibility, ample parking and pylon signage. This stabilized asset has significant value add potential with a current tenant mixture of national and local retailers.

Attachments

5401 Central Ave NW_Offering Memorandum_10.1.24

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,773 SF
Building Class
B
Year Built
1974
Price
$3,565,545 CAD
Price Per SF
$157 CAD
Cap Rate
8.50%
NOI
$303,071 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Land Acres
1.90 AC
Zoning
MX-M
Parking
126 Spaces (5.53 Spaces per 1,000 SF Leased)
Frontage
321 ft on Central Ave

Amenities

  • Signage
  • Signalized Intersection
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PROPERTY TAXES

Parcel Number 1-011-057-355370-1-14-03 Improvements Assessment $418,103 CAD
Land Assessment $104,180 CAD Total Assessment $522,284 CAD

PROPERTY TAXES

Parcel Number
1-011-057-355370-1-14-03
Land Assessment
$104,180 CAD
Improvements Assessment
$418,103 CAD
Total Assessment
$522,284 CAD
(505) 880-7063

  • Listing ID: 33126966

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 5401 Central Ave NW, Albuquerque, NM 87105

The Retail Property at 5401 Central Ave NW, Albuquerque, NM 87105 is currently available For Sale. Contact Colliers New Mexico for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Stable Multi-Tenant Retail Investment | 5401 Central Ave NW
(505) 880-7063 x

Stable Multi-Tenant Retail Investment | 5401 Central Ave NW

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Tom Jones

(505) 880-7063

(505) 880-7063

Bob Feinberg

(505) 238-7707

(505) 238-7707

Kimber Harrison

(505) 883-7676

(505) 883-7676

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