SANDIA HEIGHTS VILLAGE IN A HIGH-INCOME AREA 12700 San Rafael Ave NE 14,932 SF 100% Leased Retail Building Albuquerque, NM 87122 $4,118,000 ($275.78/SF) 6.74% Cap Rate

The property is offered as a stabilized, fully leased multi-tenant neighborhood retail investment located in Albuquerque’s highly desirable Northeast Heights submarket. The asset is 100% occupied and generates durable in-place cash flow supported by a diversified, service-oriented tenant mix and contractual rent increases.
Positioned on a highly visible corner parcel with dual frontage along San Rafael Avenue and Tramway Boulevard, the property benefits from strong daily traffic exposure, convenient access, and consistent neighborhood demand. The center totals approximately 14,932 square feet and is situated on a ±1.27-acre site, providing a favorable land-to-building ratio and long-term optionality.
The tenant roster is composed primarily of necessity-based and lifestyle service users, including veterinary care, insurance, personal services, fitness, creative studios, and food and beverage offerings. This service-driven mix limits exposure to e-commerce disruption and supports stable, repeat visitation.
Offered at a 6.74% in-place capitalization rate, the property presents investors with a core-plus retail opportunity featuring predictable income, no lease-up risk, and limited near-term capital requirements. The surrounding trade area is characterized by above-average household incomes, established residential neighborhoods, and limited new retail supply, reinforcing long-term occupancy and income stability.