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Harbor Freight - Albuquerque, NM 4410 Central Ave SW 16,376 SF Retail Building Albuquerque, NM 87105 $2,861,000 ($174.71/SF) 6.25% Cap Rate
Investment Highlights
- $11 PSF in-place vs. $18+ PSF market.
- Tenant completed major improvements in 2019 (contact agent for details).
- Site features a Bank of America ATM.
- 80th percentile national performer.
- Rare seller financing available opportunity (contact agent for details).
- Densely populated area with over 103,481 residents within a 3-mile radius, prime positioning in a retail corridor, and robust traffic counts over 53K
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 16,376 SF Harbor Freight located at 4410 Central Avenue SW in Albuquerque, NM. This offering features significantly below-market in-place rent at $11 PSF compared to $18+ PSF market rates (CoStar), presenting a clear opportunity for future rental upside. The property was also recently renovated, with the tenant completing major improvements in 2019 (contact agent for details). Altogether, this asset represents a compelling investment opportunity with both stability and value-add potential.
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
In Cooperation With Sands Investment Group - Lic. #9623 BoR: Andrew Ackerman - Lic. NM #20310
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,376 SF
Building Class
B
Year Built/Renovated
1970/2019
Price
$2,861,000
Price Per SF
$174.71
Cap Rate
6.25%
NOI
$178,813
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.64 AC
Zoning
MX-M - MX-M zoning is to provide for a wide array of moderate-intensity retail, commercial and institutional opportunities
Parking
50 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
280’ on Central Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $293,128 | |
| Land Assessment | $104,396 | Total Assessment | $397,524 |
Property Taxes
Parcel Numbers
Land Assessment
$104,396
Improvements Assessment
$293,128
Total Assessment
$397,524
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Harbor Freight - Albuquerque, NM | 4410 Central Ave SW
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