10221 Central Ave NE | Albuquerque, NM 87123
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- LoopNet Team
10221 Central Ave NE
Albuquerque, NM 87123
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10 Year Corporate Lease | Lobo Children’s Dentistry Guaranteed by Corporate Entity, Pediatric Dental Providers Operations, LLC
- Directly across Eubank Blvd from Home Depot and Costco | Just south of Towne Park Plaza, anchored by Walmart Supercenter, Sam’s Club and Ross
- Lobo Dental rent increases 10% every 5 years, steadily growing NOI and hedging against inflation
- Strategic Location with Excellent Visibility | Ideally situated on Central Avenue (28,600 ADT) | Just south of Interstate 40 (108,000+ ADT)
- Densely Populated Trade Area: 226,000 Population and $71,000 Average Household income within 5-miles
- Vacancy provides 100% upside to the Owner, as all costs and expenses have been removed from the Net Operating Income on the asset
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
6,190 SF
Building Class
B
Year Built
2015
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.20 AC
Zoning
MX-H - Mixed-Use High Intensity
Parking
35 Spaces (5.74 Spaces per 1,000 SF Leased)
Frontage
100’ on Central Ave SE
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 1-020-056-495001-1-18-01 | Improvements Assessment | $100,234 |
| Land Assessment | $72,841 | Total Assessment | $173,075 |
PROPERTY TAXES
Parcel Number
1-020-056-495001-1-18-01
Land Assessment
$72,841
Improvements Assessment
$100,234
Total Assessment
$173,075
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