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1,840 SF Space at El Vado Place II 2500 Central Ave 1,840 SF of Retail Space Available in Albuquerque, NM 87104
Highlights
- 26,100 Central Ave Vehicles Per Day
- 56,200 Total VPD
- 30,100 Rio Grande Blvd VPD
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,840 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $36,800 /YR $3,067 /MO | Triple Net (NNN) |
1st Floor
Building A 1,840 SF Plumbed Space for Lease Building B & C Fully Leased Two Shared ADA Restrooms Momo Cocktail Lounge & Ponderosa Tap Room Walkable Old Town Location Across from Botanical Gardens and Aquarium 32 Fully Leased Apartments Onsite 42 Adjacent Motel Rooms, new Hostel ABQ Rapid Transit Stop
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- 56,200 Total VPD
- ABQ Rapid Transit Stop
- 32 Fully Leased Apartments Onsite
- Across from Botanical Gardens
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 1,840 SF Space at El Vado Place II
- Tenant
- Description
- US Locations
- Reach
- State Farm
- Finance and Insurance
- -
- -
| Tenant | Description | US Locations | Reach |
| State Farm | Finance and Insurance | - | - |
Property Facts
| Total Space Available | 1,840 SF | Gross Leasable Area | 19,008 SF |
| Property Type | Retail | Year Built | 2018 |
| Total Space Available | 1,840 SF |
| Property Type | Retail |
| Gross Leasable Area | 19,008 SF |
| Year Built | 2018 |
About the Property
Wonderfully fun Route 66 development at the El Vado Motel with 32 fully leased apartments, boutique shops, event center, restaurants, ampitheatre, tap room, motel and much more! Surrounded by the Monterey Inn, Albuquerque Country Club Golf Course, Aquarium, Botanical Gardens, Old Town and local dining and shopping, this is a wonderful place to do business. Co-tenants include State Farm, Fit & Fabulous, Modern Beauty, Kaufman’s Coffee & Bagels, Rollin’ On In, Buen Provecho, Happy Chickenzz, Bosque Burger, Sandia Crust Pizza Company, Merc 66, Jessica Nicole Authentic Jewelry, Metal the Store, Southwest Cactus, Swan Song and the Momo Cocktail Lounge.
- Air Conditioning
- Balcony
Nearby Major Retailers
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1,840 SF Space at El Vado Place II | 2500 Central Ave
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