Your email has been sent.
Multi-Tenant Retail Strip Near KAFB Entrance 121 Eubank Blvd NE 2,089 SF of Retail Space Available in Albuquerque, NM 87123
HIGHLIGHTS
- Strategic location near the entrance to Kirtland Air Force base and Sandia National Labs
- Income generated day one from current leases
- High traffic area with 28k VPD on Eubank
- Great opportunity for an owner/user, investor with upside potential or to lease this second gen retail space
- Building recently renovated in 2022
- Strong retail area with Costco, Home Depot, Walmart, and Sam’s Club driving traffic
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,089 SF | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $45,958 /YR $3,830 /MO | Triple Net (NNN) |
1st Floor
121 Eubank is a 5,500 SF, 3 tenant retail strip in the SE heights submarket of Albuquerque. It is strategically located near the main entrance to the Kirtland Air Force Base and Sandia National Labs and features a great opportunity for owner/users and tenants alike to take advantage of this newly renovated opportunity. There is currently 2,089 SF available that can be leased, new owner can purchase the building and occupy the vacancy, or an investor can purchase with below market rents ($11.00-$13.00 NNN) to fill the vacancy and increase rents on current lease to improve the return.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Strategic location
- Great opportunity for an owner/user, investor
- Income generated day one from current leases
- Building recently renovated in 2022
- High traffic area with 28k VPD on Eubank
- Strong retail area
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT MULTI-TENANT RETAIL STRIP NEAR KAFB ENTRANCE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Danae Kyles Salon
- -
- 1
- -
- Farmers Insurance-janet Ortega
- Finance and Insurance
- 1
- -
- Lamp Shop
- Other Services
- 1
- -
- Protege
- Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Danae Kyles Salon | - | 1 | - |
| Farmers Insurance-janet Ortega | Finance and Insurance | 1 | - |
| Lamp Shop | Other Services | 1 | - |
| Protege | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 2,089 SF | Gross Leasable Area | 5,095 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.16/1,000 SF |
| Total Space Available | 2,089 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 5,095 SF |
| Year Built | 1980 |
| Parking Ratio | 2.16/1,000 SF |
ABOUT THE PROPERTY
121 Eubank is a 5,500 SF retail center strategically located in Albuquerque’s Southeast Heights, offering excellent visibility and convenient access along Eubank Boulevard, including left-in/left-out ingress. The property has historically maintained strong occupancy, catering to a mix of retail and service-oriented. 121 Eubank is a ±5,095 SF retail center strategically located in Albuquerque’s Southeast Heights, offering excellent visibility and convenient access along Eubank Boulevard, including left-in/left-out ingress. The property has historically maintained strong occupancy, catering to a mix of retail and service-oriented tenants.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
Presented by
Multi-Tenant Retail Strip Near KAFB Entrance | 121 Eubank Blvd NE
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.