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1600 Towne Center Ln NE
Albuquerque, NM 87106
New 20-Yr Lease | 5.65% Cap | A+ Demos · Retail Property For Sale
Investment Highlights
- Long-term Lease – a new Twenty (20) Year NNN Lease will commence at the closing of escrow with 10% rental increases every five (5) years
- High-Quality Construction – Denny’s fully-improved the 0.93-acre lot November 2014
- Surrounding national retailers include Buffalo Wild Wings, Chick-fil-A, Starbucks, and McDonald’s
- Excellent Retail Hub Location - International Airport and UNM Campus (University of New Mexico) within two (2) miles
- Fee Simple Ownership – allows Landlord to depreciate the building (see CPA for guidance)
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,298 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.93 AC
Parking
57 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
202’ on Gibson Blvd SE
Property Taxes
| Parcel Number | 1-015-056-314018-4-03-04 | Improvements Assessment | $229,878 |
| Land Assessment | $80,308 | Total Assessment | $310,186 |
Property Taxes
Parcel Number
1-015-056-314018-4-03-04
Land Assessment
$80,308
Improvements Assessment
$229,878
Total Assessment
$310,186
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