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Nob Hill Church/Retail Development 4800 Lomas Blvd NE 18,977 SF of Retail Space Available in Albuquerque, NM 87108
HIGHLIGHTS
- Existing freestanding church building servicing Nob Hill
- Opportunity for turn-key church or an adaptive retail reuse
- Current layout includes large sanctuary, two stages for youth groups, full kitchen and numerous classrooms and offices
- Creative ownership with options to purchase or lease
- Strong traffic counts with area anchor tenants Sprouts, Ace Hardware & True Value
- Great street presence with over 20,000 cars per day and monument sign at lighted intersection
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 18,977 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
4800 Lomas as it exists today is a freestanding church building located in Nob Hill at the signalized intersection of Lomas Blvd and Monroe St. The building can very easily be used again by a new church, featuring a large sanctuary, multiple youth and children rooms and overall a great layout for a church; but also has the opportunity for a new use altogether. This building was originally constructed as a Furr's grocery store, servicing the surrounding neighborhoods and has the ability to be reimagined once again. With MX-M zoning, this opens up the redevelopment opportunities like mixed-use, multi-family, large format retail, drive-thru, car was, banks, and more.
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 NOB HILL CHURCH/RETAIL DEVELOPMENT
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Oasis Family Church
- Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Oasis Family Church | Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 18,977 SF | Gross Leasable Area | 18,977 SF |
| Property Type | Retail | Year Built | 1952 |
| Property Subtype | Freestanding | Parking Ratio | 3.53/1,000 SF |
| Total Space Available | 18,977 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 18,977 SF |
| Year Built | 1952 |
| Parking Ratio | 3.53/1,000 SF |
ABOUT THE PROPERTY
Big things are happening in the supermarket surrounding 4800 Lomas. The intersection of San Mateo and Lomas is anchored by Sprouts, True Value, and Ace Hardware, which brings steady traffic to the area. Construction is completed on the new Whole Foods and American Home at Carlisle and Indian School, and with it, new projects underway where each vacated in the same submarket. Most notable for this area is the redevelopment of the former Bank of the West towers at San Mateo and Central into mixed-used apartments, slated in 2025/26. This area north of Nob Hill continues to be a huge draw area for the University of New Mexico and many of the surrounding neighborhoods as part of this walkable/urban core of the city.
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Nob Hill Church/Retail Development | 4800 Lomas Blvd NE
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