NEW MEXICO BROKER OF RECORD - DAN K. FRADY - License No. 14369 Faris Lee Investments is pleased to present an outstanding opportunity to acquire a highly visible retail pad within the thriving Pavilions at San Mateo grocery anchored center in Albuquerque, NM. Fully leased to nationally and regionally recognized tenants— H&R Block and Visionworks—this property offers exceptional stability and performance in a dynamic trade area with over 2.3 million annual visitors. Strategically positioned near Interstate 40, with traffic counts exceeding 200,000 vehicles per day (VPD), and along San Mateo Blvd NE & Cutler Ave NE , which sees over 45,000 VPD, the property enjoys superior visibility, accessibility, and consistent consumer traffic. The tenants bring proven operational histories and market leadership. H&R Block is a global powerhouse with over 12,000 locations worldwide, generating $3.6 billion in revenue in fiscal year 2024. Visionworks, a subsidiary of VSP Global—the largest nonprofit vision benefits provider in the U.S.—operates more than 700 locations and continues to thrive under VSP’s backing since its 2019 acquisition. Long-term NNN leases reduce landlord responsibilities and ensure reliable income, while fee-simple ownership enhances long-term investment security. Located within the 150,000-square-foot Walmart-anchored Pavilions at San Mateo, the property benefits from synergy with top-performing retailers, including Whole Foods Market (#1 in New Mexico with over 1 million annual visitors) and Target (#1 in New Mexico with over 2 million annual visitors). Its proximity to Coronado Center, New Mexico’s premier super-regional mall with nearly 10 million annual visitors, further solidifies the property’s position as a prime retail destination. Crunch Fitness recently announced they are opening a $10 Million, 58,000 Sqft state of the art fitness facility in the former BBB / BuyBaby space across the street in the Plaza San Mateo center. Situated within five miles of Downtown Albuquerque, a $40 billion economic hub, and just 10 miles from Albuquerque International Airport , the property captures demand from a robust demographic base of over 123,000 residents and 109,000 employees within a three-mile radius. This investment combines tenants with proven growth and operational histories, minimal management responsibilities, and a prime location within a thriving retail corridor. With stable cash flow and long-term growth potential, this property represents a rare opportunity to acquire a valuable retail asset in Albuquerque, NM.