10 Year Family Dollar Lease

For Sale

 

Location Map
  • Brokers:
    Name
    Alfredo Barrenechea
    Email
    alfredo@go-absolute.net
    Phone
    505-401-0135
    Name
    Jeremy Nelson
    Email
    jeremy@go-absolute.net
    Phone
    505-610-1655
  • Address: 613 Broadway Blvd. SE Albuquerque, NM 87105
  • Property Status: Closed
  • Sale Pricing: $1,846,000
  • Property Information:
    Cap Rate
    6.5%
    Size
    12563
    Lease Type
    NNN
    Property Type
    Retail
    Property Description:

    The completely remodeled building is a masonry building with concrete and steel roof structure. The Roof features a brand new TPO roof with a 15 year warranty which is transferrable to the new owner. The original parking area was completely removed to the dirt and re-graded and paved. The building features all new HVAC, electrical and storefront. About the Location Situated in the Edo (East Down Town) neighborhood of Albuquerque, New Mexico, the property has fantastic corner access and excellent visibility. Broadway Ave. is a primary corridor running north to south through the entire city and eventually becoming highway 47. The trade area is one of the most densely populated areas of the city, yet is lacking in services. Family Dollar expects very strong sales as reflected by the premium rent of $120,000 per year. Lending more validity to the strength of the location, the neighborhood has been eagerly awaiting the store opening and submitted letters of support for the project. The downtown trade area is the fastest growing area of the city with more residential units per planned than any other submarket. Edo in particular has experienced increased home prices and a recent revitalization.

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