7900 Central Ave SW - Freestanding FOR SALE


Albuquerque, NM 87121- Westgate Heights
$3,277,000 USD
949-547-2213
7900 Central Ave SW, Albuquerque, NM for Sale
$3,277,000 USD
Freestanding - FOR SALE
1/4
null | 8.75% Cap Rate

7900 Central Ave SW
Albuquerque, NM 87121
Westgate Heights


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,277,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS | Approx 11yrs Abs NNN | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

CROSS STREETS

Central

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

MX-M (Mixed Use)

APN/PARCEL ID

1-010-057-145133-3-03-10

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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