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Central Plaza 7226 Central Ave 14,125 SF 100% Leased Retail Building Albuquerque, NM 87108 $1,550,000 ($109.73/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently Remodeled with New TPO Roof & Parking Lot in 2018
- Abundant Parking
- Cell Tower Ground Lease in Due Diligence
- Oversized Parcel with Room to Expand +/-1.8 acres
- 90% Leased with Value Add Opportunity.
- Full Turn Access
EXECUTIVE SUMMARY
Central Plaza is a high-profile shopping center located on Central Ave near Louisiana Blvd. in Albuquerque, NM. The property has an excellent tenant mix including anchor tenant Terry’s Mini Mart, Central Laundry, and Michoacán Heladeria (ice cream and snack shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic.
Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units.
A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property.
Central Plaza is a high-profile shopping center located on Central Ave near Louisiana Blvd. in Albuquerque, NM. The property has an excellent tenant mix including anchor tenant Terry’s Mini Mart, Central Laundry, and Michoacán Heladeria (ice cream and snack shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic.
Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units.
A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property.
Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units.
A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property.
Central Plaza is a high-profile shopping center located on Central Ave near Louisiana Blvd. in Albuquerque, NM. The property has an excellent tenant mix including anchor tenant Terry’s Mini Mart, Central Laundry, and Michoacán Heladeria (ice cream and snack shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic.
Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units.
A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
14,125 SF
Building Class
C
Year Built/Renovated
1985/2018
Price
$1,550,000
Price Per SF
$109.73
Cap Rate
8.25%
NOI
$127,875
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.84 AC
Zoning
MX-M - MX-M Mixed Use Medium Intensity.
Parking
45 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
303’ on Central Ave Ave
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sandra Bustos-Silvestre Ice Cream Shop
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sandra Bustos-Silvestre Ice Cream Shop | - | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-019-057-097086-3-02-22 | Improvements Assessment | $286,143 (2025) |
| Land Assessment | $134,747 (2025) | Total Assessment | $420,890 (2025) |
PROPERTY TAXES
Parcel Number
1-019-057-097086-3-02-22
Land Assessment
$134,747 (2025)
Improvements Assessment
$286,143 (2025)
Total Assessment
$420,890 (2025)
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Central Plaza | 7226 Central Ave
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