12501 Candelaria Rd NE
Albuquerque, NM 87112
19,572 SF Freestanding Building · Property For Lease

Tramway has long had a cultural and logistical importance to the Albuquerque Metro area. Not only is Tramway an important commuter byway to the NE Heights, it is also the gateway to the Sandia Mountains and all the recreation it has to offer. Nestled between the iconic Bridges on Tramway lies a property located on the NW corner of Candelaria and Tramway that has long been underutilized. The property is walking distance from recreation trails, bike paths, open space, and iconic neighborhoods. Residents, tourists and enthusiasts agree that this area is long overdue for a locale where the community can gather. Hastings Entertainment vacated this 20,000 SF Tramway property in 2017 due to their Chapter 7 bankruptcy and resulting closure. The property that sits on 2.1 acres of land will be redeveloped into a multi-tenant retail center and aims to bring the entertainment just as Hastings once did. Construction on this project began on 03/01/2019. Delivery of the exterior renovations and finishes have been completed and we're delivered on 12/01/19 with tenant specific work to follow in the following 60-90 days. Landlord aims to deliver all suites in a similar condition and will provide a Statement of Landlord Work to interested tenants that will detail delivery conditions. Suites shall share a common area hallway and share common restrooms. Utilities will be sub-metered but tenants will all pay a flat rate for gas, electric and water. Rentable SF: 17,344 Available SF: 1,108-2,396 Zoning: MX-L Parking: 6.1:1,000 Utilities: $3.00 PSF (Through 2021) NNN: $2.75 PSF (Through 2021) TIA: $10 PSF (5+ year term) Traffic Counts: Tramway: 27,610 VPD Candelaria: 7,168 VPD Current Tenants: Boxing Bear Burrow Cafe Chatter Paint Dia De Los Takos The Paleta Bar Redwine Accounting Hot Yoga Infusion CBD Boutique Blush Salon and Spa