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1450 N Renaissance Blvd NE
Albuquerque, NM 87107
Retail Property For Sale
Investment Highlights
- Single Tenant Net Lease Sportsman's Warehouse property with fresh 10 year lease extension, with 3 five year options
- 7.22% cap rate with Tenant having full maintenance, insurance and property tax responsibilities
- Great central location in Albuquerque. Tenant has been at same property for 15 years
- Sportsman's Warehouse (Nasdaq symbol SPWH) generated over $800 million in revenues in 2018
- Renaissance Center includes Home Depot, Office Depot and Costco
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
59,460 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
7.14 AC
Zoning
SU-1
Parking
363 Spaces (7.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
About 1450 N RENAISSANCE BLVD NE , ALBUQUERQUE, NM 87107
Sportsman's Warehouse building for sale with a fresh 10 year extension on an original 15 year lease. 10 year lease extension began 9/1/2019. Absolute triple net lease, with Tenant paying for maintenance, property tax and property insurance. Lease adjusts in mid-term by 5%. Three five year extension options with 10% rent escalations thereafter. Originally built in 2004 specifically for Sportsman's Warehouse. It is located in the Renaissance Center shopping district with complementary retail stores generating high traffic from consumers Central Albuquerque location in desirable retail area.
Property Taxes
| Parcel Number | 1-016-061-288199-3-07-09 | Improvements Assessment | $1,199,828 |
| Land Assessment | $477,154 | Total Assessment | $1,676,982 |
Property Taxes
Parcel Number
1-016-061-288199-3-07-09
Land Assessment
$477,154
Improvements Assessment
$1,199,828
Total Assessment
$1,676,982
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