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CVS | Approx 11yrs Abs NNN | DriveThru 7900 Central Ave SW 14,287 SF Retail Building Albuquerque, NM 87121 $3,277,000 ($229.37/SF) 8.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Approximately 11 Years Remaining | Drive Thru Equipped Investment Grade Tenant (S&P: BBB) | New Retail Development
  • Signalized, Hard Corner Intersection | Dense Retail Corridor |Close to Atrisco Plaza and other Shopping Centers
  • Absolute NNN | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, investment grade (S&P: BBB), drive-thru equipped, CVS investment property located in Albuquerque, New Mexico. The tenant has approximately 11 years remaining with 1 (4-Year, 3 Mo.) and 7 (5-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. CVS Pharmacy is America’s leading retail pharmacy with nearly 10,000 locations across 49 states, District if Columbia and Puerto Rico.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,287 SF
Building Class
B
Year Built
2009
Price
$3,277,000
Price Per SF
$229.37
Cap Rate
8.75%
NOI
$286,739
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.95 AC
Zoning
MX-M (Mixed Use)
Parking
38 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
335’ on Central Ave

AMENITIES

  • Corner Lot
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Albertsons
Smith's
Chase
Freddy's Frozen Custard & Steakburgers
Bank of Albuquerque

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-010-057-145133-3-03-10
Land Assessment
$116,582
Improvements Assessment
$345,745
Total Assessment
$462,327
  • Listing ID: 30958122

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 7900 Central Ave SW, Albuquerque, NM 87121

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