858-373-3132
11001 Menaul Blvd NE, Albuquerque, NM for Sale
Supermarket - FOR SALE
1/6
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11001 Menaul Blvd NE
Albuquerque, NM 87112


HIGHLIGHTS

  • TOP RANKED GROCERY CENTER – Walmart Neighborhood Market draws over 1 million consumers.
  • NATIONAL CREDIT TENANTS – 83% of the gross leasable area is Occupied by national & regional credit tenants with long-term operating success.
  • RELIABLE CASH FLOW – 79% of the net operating income is generated by investment grade tenants on triple net lease structures.
  • VALUE-ADD – Separate drive thru parcel available at market rent.

OVERVIEW

Institutional Property Advisors has been selected to exclusively market for sale the fee simple interest in Foothills Center located at the signalized intersection of Menaul Boulevard and Juan Tabo Boulevard in Albuquerque, New Mexico. The offering includes an existing 93,302 square feet of gross leasable area and a separate parcel suitable for a drive-thru quick serve restaurant. The Center is one of the most frequent visitor locations in the established Sandia Foothills. The Center is 98% occupied by Walmart Neighborhood Market (WMT), Harbor Freight, dd’s Discounts (ROSST), Einstein Bagels, AT&T, GameStop (GME), Sally Beauty (SBH) and soon to open Hibbett Sports (HIBB). The retail mix of everyday essential goods generates over one million customer visits annually and generates 80% reliable credit tenant cash flow on triple net lease structures. Several leases are open to Fair Market Rent Uplift adjustments upon expiration and the property includes a 0.5-acre pad site creating future upside potential.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

315

LAND DETAILS

LAND ACRES

8.61 AC

LAND SF

375,052 SF

ZONING

-

APN/PARCEL ID

1-021-059-483294-1-03-07,1-021-059-504289-1-03-06

ASK ABOUT THIS PROPERTY

Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

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Bill RoseInstitutional Property Advisors | Marcus&MillichapMore Info
858-373-3132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.