1620 Towne Center Ln SE | Albuquerque, NM 87106
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1620 Towne Center Ln SE
Albuquerque, NM 87106
Denny's · Retail Property For Sale
Investment Highlights
- Absolute (20) Year NNN Lease - 13+ Years Remaining - 10% Rent Increases Every Five (5) Years
- Strategic Location - Albuquerque International Airport & University of New Mexico
- Strong Demographics - 5-Mile Population Exceeds 195,000 People
- Excellent Traffic Counts & Visibility - 42,000 Vehicles Per Day (Gibson & University Blvd)
- Dense Retail Corridor - Chick-fil-a, McDonald's, Starbucks, and more
- 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
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.93 AC
Parking
30 Spaces (6.97 Spaces per 1,000 SF Leased)
Frontage
32’ on Towne Center Lane
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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