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11110 Lomas Blvd NE
Albuquerque, NM 87112
Retail Property For Sale
Investment Highlights
- Positioned near Interstate 40 with outstanding access
- Remodeled in 2018 with upgraded parking lot
- Triple net lease with Dollar Tree and Wells Fargo ATM
- Shadow anchored by Target, Best Buy, and At Home
- Dense surrounding population and strong household income
- Zoned MX-M with redevelopment potential
Executive Summary
Located at the high-visibility intersection of Lomas Blvd NE and Hotel Circle, this 11,246 SF single-tenant net-leased retail asset offers investors a stable income stream and strategic positioning in Albuquerque’s dense retail corridor. Anchored by Dollar Tree and complemented by a Wells Fargo ATM, the property benefits from strong national credit tenants and a remodeled structure completed in 2018.
The site spans 1.7± acres and is zoned MX-M, allowing for medium-intensity mixed-use development. With a new parking lot overlay, seal coat, and striping already in place, the property is turnkey and well-maintained. Positioned near Interstate 40, it enjoys excellent access and visibility, with traffic counts exceeding 105,000 vehicles per day on I-40 and over 56,000 combined on Lomas and Eubank Boulevards.
Surrounding retail anchors include Target, Best Buy, and At Home, enhancing consumer draw and reinforcing the site’s retail viability. The area boasts strong demographics, with over 240,000 residents within a 5-mile radius and average household incomes approaching $93,000. The property’s location and tenant mix make it a compelling investment opportunity with a 7.7% cap rate and annual NOI of $144,980.
This asset is ideal for investors seeking a stabilized retail investment with national tenants and potential upside through ATM site redevelopment.
The site spans 1.7± acres and is zoned MX-M, allowing for medium-intensity mixed-use development. With a new parking lot overlay, seal coat, and striping already in place, the property is turnkey and well-maintained. Positioned near Interstate 40, it enjoys excellent access and visibility, with traffic counts exceeding 105,000 vehicles per day on I-40 and over 56,000 combined on Lomas and Eubank Boulevards.
Surrounding retail anchors include Target, Best Buy, and At Home, enhancing consumer draw and reinforcing the site’s retail viability. The area boasts strong demographics, with over 240,000 residents within a 5-mile radius and average household incomes approaching $93,000. The property’s location and tenant mix make it a compelling investment opportunity with a 7.7% cap rate and annual NOI of $144,980.
This asset is ideal for investors seeking a stabilized retail investment with national tenants and potential upside through ATM site redevelopment.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
11,246 SF
Building Class
C
Year Built
1988
Price
$2,500,724 CAD
Price Per SF
$222.37 CAD
Cap Rate
8%
NOI
$199,999 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.69 AC
Zoning
MX-M - Mixed Use - Moderate Intensity
Parking
70 Spaces (6.22 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 1-021-057-153521-2-09-21 | Improvements Assessment | $231,730 CAD |
| Land Assessment | $161,942 CAD | Total Assessment | $393,671 CAD |
Property Taxes
Parcel Number
1-021-057-153521-2-09-21
Land Assessment
$161,942 CAD
Improvements Assessment
$231,730 CAD
Total Assessment
$393,671 CAD
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