Family dollar Anchored Center for Sale

For Sale

 

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  • 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: 7226 Central Ave SE Albuquerque, NM 87108
  • Property Status: Active
  • Sale Pricing: $1,800,000
  • Property Information:
    Cap Rate
    7.03
    Size
    +/- 14,125
    Property Type
    Shopping Center
    89.38%
    1.84 Acres
    Property Description:

    Absolute Investment Realty has been selected as the exclusive representative for Central Plaza Shopping Center located at 7226 Central Avenue NE, Albuquerque, NM. Central Plaza is a high profile shopping center located on Central Ave near Louisiana Blvd. The property has an excellent tenant mix including anchor tenant Family Dollar, Central Laundry and La Michoacán Heladeria (ice cream shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic. Located in a dense urban neighborhood, close in proximity to many amenities including Expo NM, the Albuquerque Downs, Nob Hill, and just 1 mile from I-40, the center is perfectly located to serve the needs of the surrounding neighborhood This asset is a stabilized investment opportunity with long term tenants, built-in rent growth and upside potential. The property recently underwent significant upgrades including a new TPO roof, new LED Exterior lighting (including pole lights) and new several new HVAC units.

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    CARNM

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