2601 Coors Blvd NW
Albuquerque, NM 87120
Bank of America · Retail Property For Sale

Bank of America Corporate GL | 2.5% Annual Bumps CBRE National Retail Investment Properties is pleased to offer for sale this single tenant Bank of America Ground Lease in Albuquerque, New Mexico (The Property ). This Bank of America is extremely busy and has above average bank deposits. This Bank of America offering consists of a 20 year, triple net (NNN) single tenant lease with seven and a half years remaining on the initial term. The building is ±5,635 rentable square feet on ±43,477 square feet of land. This investment opportunity offers a corporate guarantee by Bank of America, N.A., a national banking association. The rent increases 2.5% per year annually throughout the initial term and options periods. There is a one time 25% rental increase October 1st, 2028, which is very rare. Bank of America is one of the world' s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. The Property is strategically located in a densely populated area that is home to approximately 93,673 residents in a three-mile radius and ±205,463 residents in a five-mile radius. The area also boasts a large employment center with approximately 127,970 employees in a five-mile radius and ±358,583 employees in a ten-mile radius. The Property is located on the busy NWC of Coors Blvd NW (State Road 45) which has ±66,800 vehicles per day and Ouray Rd NW which has ±17,500 vehicles per day. It is part of the very busy Quail Plaza which includes popular retailers and restaurants such as Applebee' s, Golden Corral, Pizza 9, Wingstop, Firestone Complete Auto Care, Valero, Verizon, Sherwin-Williams and West Mesa Animal Hospital. Nearby national retailers include: Walmart Supercenter, The Home Depot, McDonald' s, Jiffy Lube, Brake Masters, Sonic Drive-in, Cracker Barrel Old Country Store, Mattress Firm, Staples, Baskin Robbins, Starbucks, Panda Express and many more.