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7105 Central Ave NE

12,900 SF Retail Building Albuquerque, NM 87108 £1,735,800 (£135/SF) 10% Net Initial Yield

Executive Summary

Colliers is pleased to bring to market a CVS STNL ground lease investment located at 7105 Central Ave NE in Albuquerque, NM. The property is prominently positioned on the corner of Central Blvd & Louisiana Blvd, a fundamental signalized intersection in the heart of Route 66. The property enjoys excellent visibility, pylon signage, and boasts traffic counts of over 55,000 VPD at the intersection. Also available as part of the investment sale is a ± 0.3099 acre parcel adjacent to the CVS ground lease parcel.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
B
Year Built
2010
Price
£1,735,800
Price Per SF
£135
Net Initial Yield
10%
NOI
£173,580
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.15
Land Acres
2.00 AC
Zoning
MX-M
Frontage
190 ft on Alcazar St

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 12,900 SF
  • Retail
  • -
  • Now

Freestanding building in excellent condition Rare large format drive-thru availability along Central Ave Signalized hard corner at two major arterial Superior visibility and multiple full access points Property boasts two pylon signs (one w/ electronic reader board) Excellent exposure with traffic counts in excess of 53,700 VPD Adjacent to the Louisiana Albuquerque Rapid Transit stop

Space Size Space Use Position Available
A 12,900 SF Retail - Now

A

Size
12,900 SF
Space Use
Retail
Position
-
Available
Now

A

Size 12,900 SF
Space Use Retail
Position -
Available Now

Freestanding building in excellent condition Rare large format drive-thru availability along Central Ave Signalized hard corner at two major arterial Superior visibility and multiple full access points Property boasts two pylon signs (one w/ electronic reader board) Excellent exposure with traffic counts in excess of 53,700 VPD Adjacent to the Louisiana Albuquerque Rapid Transit stop

Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-019-057-016131-3-07-02
Land Assessment
£96,349
Improvements Assessment
£199,298
Total Assessment
£295,647
  • Listing ID: 34069115

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 7105 Central Ave NE, Albuquerque, NM 87108

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