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2451 San Mateo Blvd NE
Albuquerque, NM 87110
Plaza San Mateo | Albuquerque, NM · Retail Property For Sale
Investment Highlights
- Top 1% Nationwide Crunch Fitness-Anchored Value-Add Center (Placer.ai)
- Approximately 10 years remaining on a brand-new 11-year lease
- Extremely Strong Weighted Average Lease Term (WALT): Over 9.5 years for the occupied SF
- Crunch Fitness (Open 24 Hours/Day): Top 1% nationwide Crunch Fitness - #3 in the country out of 417 locations, per Placer.ai
- Starbucks (w/ Drive Thru) Anchored Value-Add Pad: 77% occupied 5,265 SF pad with upside through lease-up of the vacant suite
- Well Below Replacement Cost at Only $174 PSF
Executive Summary
Top 1% Nationwide 24-Hour Crunch Fitness (Placer.ai) | Value-Add, Drive-Thru Starbucks-Anchored Pad | 48,500 CPD Intersection
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
63,266 SF
Building Class
B
Year Built/Renovated
2014/2025
Price
$10,987,000
Price Per SF
$173.66
Cap Rate
7.75%
NOI
$851,491
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.38
Lot Size
3.80 AC
Parking
120 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 1-017-059-463165-4-09-01 | Improvements Assessment | $1,648,553 |
| Land Assessment | $239,049 | Total Assessment | $1,887,602 |
Property Taxes
Parcel Number
1-017-059-463165-4-09-01
Land Assessment
$239,049
Improvements Assessment
$1,648,553
Total Assessment
$1,887,602
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