3600 Calle Cuervo NW
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3600 Calle Cuervo NW
2,739 SF Retail Building Albuquerque, NM 87114 £641,200 (£234/SF) 6.75% Net Initial Yield
Investment Highlights
- » LONG TERM TRIPLE NET (NNN) LEASE, WITH CORPORATE GUARANTY FROM AMERIVET (200+ LOCATIONS)
- » EXCELLENT LOCATION, LOCATED WITHIN 2ND LARGEST SHOPPING DESTINATION IN NEW MEXICO
- » 3% ANNUAL INCREASES THROUGH PRIMARY LEASE TERM & OPTIONS
Executive Summary
Acequia Animal Hospital is a full service medical and surgical hospital offering a wide range of veterinary services to a variety of pets including but not limited to wellness exams, dental cleanings, surgeries, diagnositics, ultrasounds, and wellness visits. This 2,739-square-foot animal hospital was built in 2002 and is located within one of Albuquerque’s top shopping destinations comprised of Cottonwood Commons, Mall and Corners featuring over 1,000,000 SF of retail; the 2nd largest shopping center in the state serving over 350,000 consumers annually. The property is 100% leased to AmeriVet which is a national operator of veterinary clinics in the US. AmeriVet operates over 214 clinics across 37 states with over 3,400 employees.The site’s demographics boast a 5-mile population of 165,603 people which is expected to reach 169,578 people by 2029; with an average household income of $101,046 within a 3-mile radius. The Cottonwood area in Albuquerque is home to a wide variety of tenants across its three major shopping destinations: Cottonwood Mall, Cottonwood Commons, and Cottonwood Corners. Tenants at Cottonwood Mall include anchor stores like Dillard’s, JCPenney, and Round1 Entertainment, alongside popular brands such as H&M, Bath & Body Works, Victoria’s Secret, and Sephora. The Commons features big-box retailers like PetSmart, Barnes & Noble, TJ Maxx, and Ulta Beauty, while Cottonwood Corners includes anchors such as Sam’s Club, Target, Lowe’s and The Home Depot, and smaller service-oriented businesses. Dining options throughout the area range from sit-down restaurants like Olive Garden and Red Robin to fast-casual spots like Chick-fil-A, Panda Express, and Starbucks, creating a diverse and vibrant shopping experience.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,739 SF
Building Class
C
Year Built
2002
Price
£641,200
Price Per SF
£234
Net Initial Yield
6.75%
NOI
£43,301
Tenancy
Single
Number of Floors
1
Building FAR
2,739.00
Parking
12 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
146 ft on Calle Cuervo Rd
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1-014-066-163191-2-01-22 | Improvements Assessment | £38,370 |
Land Assessment | £42,328 | Total Assessment | £80,699 |
PROPERTY TAXES
Parcel Number
1-014-066-163191-2-01-22
Land Assessment
£42,328
Improvements Assessment
£38,370
Total Assessment
£80,699
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3600 Calle Cuervo NW
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