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4910 Central Ave SE 8,325 SF Retail Building Albuquerque, NM 87108 $1,326,000 ($159.28/SF) 10.26% Cap Rate
Investment Highlights
- Dark Store with 5+ Years Remaining on Primary Lease Term
- Lease Expires 10/31/2031
- Excess Land Included
- Located on Historic Route 66
Executive Summary
Dark Store. NNN leased to Advance Auto Parts. 6+ years remaining on the initial lease term. Landlord only responsible for maintaining roof and structure. Roof under warranty. Additional "Add Value" play by developing or subdividing approx. .30-acre excess land.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,325 SF
Building Class
C
Year Built/Renovated
1965/2015
Price
$1,326,000
Price Per SF
$159.28
Cap Rate
10.26%
NOI
$135,983
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.08 AC
Zoning
MX-M
Parking
36 Spaces (4.32 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 8,292 SF
- -
- Triple Net
- Oct 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 8,292 SF | - | Triple Net | Oct 2031 |
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-017-057-434171-4-27-02 | Improvements Assessment | $82,287 |
| Land Assessment | $93,004 | Total Assessment | $175,291 |
Property Taxes
Parcel Number
1-017-057-434171-4-27-02
Land Assessment
$93,004
Improvements Assessment
$82,287
Total Assessment
$175,291
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