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Caracol Plaza 12500 Montgomery Blvd NE 1,000 - 10,000 SF of Retail Space Available in Albuquerque, NM 87111
HIGHLIGHTS
- Hard-corner location with exposure to over 40,000 vehicles daily
- White-box delivery with new HVAC and stubbed utilities
- Prominent monument and building signage opportunities
- Suites available with restaurant infrastructure and flexible configurations
- Surrounded by high-income residential neighborhoods
- Multiple access points and ample surface parking
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 103-143 | 1,000-10,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 103-143
Caracol Plaza is undergoing a transformative redevelopment at one of Albuquerque’s most visible intersections—Tramway and Montgomery in the Far Northeast Heights. This high-traffic retail center is being reimagined with a fresh façade, upgraded parking, improved signage, and white-boxed interiors tailored for new tenants. With flexible suite sizes ranging from ±1,000 to ±10,000 SF, the center accommodates a wide variety of retail and service uses, including restaurant-ready spaces with existing infrastructure. The property’s MX-M zoning supports a broad mix of commercial uses, and the ownership is committed to delivering spaces with new HVAC, exposed ceilings, stubbed utilities, and concrete floors—ready for tenant customization. Located in a dense residential area with strong household incomes averaging over $117,000 within a 3-mile radius, Caracol Plaza offers unmatched visibility and accessibility. Multiple ingress/egress points and a large surface parking lot enhance customer convenience. Current tenants include a bar, salon, fitness center, nail salon, wellness spa, and a voting center, creating a steady stream of foot traffic. With over 40,000 vehicles passing daily and proximity to affluent neighborhoods, Caracol Plaza is positioned to become a vibrant retail destination for both local entrepreneurs and national brands.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Hard-corner location
- Suites available from ±1,000 SF up to ±10,000 SF
- Surrounded by high-income neighborhoods
- Prominent monument and building signage
- Multiple access points and ample surface parking
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT CARACOL PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Howies Sports Page
- Restaurant
- 1
- Local
- Jazzercise
- Fitness
- 1,696
- International
- Salon 21
- -
- 1
- -
- Solarius
- Salon/Barber/Spa
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Howies Sports Page | Restaurant | 1 | Local |
| Jazzercise | Fitness | 1,696 | International |
| Salon 21 | - | 1 | - |
| Solarius | Salon/Barber/Spa | 1 | Local |
PROPERTY FACTS
| Total Space Available | 10,000 SF | Total Land Area | 4.17 AC |
| Min. Divisible | 1,000 SF | Year Built | 2003 |
| Property Type | Retail | Parking Ratio | 3/1,000 SF |
| Gross Leasable Area | 40,576 SF |
| Total Space Available | 10,000 SF |
| Min. Divisible | 1,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 40,576 SF |
| Total Land Area | 4.17 AC |
| Year Built | 2003 |
| Parking Ratio | 3/1,000 SF |
ABOUT THE PROPERTY
Welcome to Caracol Plaza, Albuquerque’s Most Anticipated Redevelopment Project. The time has come for a new vision for this Far NE Heights property that has so much potential for new retail offerings and a supportive community to make its transformation a success. New ownership has taken over and has big plans to rebrand the center, remodel the façade with new stucco and color palate, new parking lot, improve signage and is ready to white box the spaces for qualified tenants to allow for new retailers to pick the finishes and layouts with a blank slate. There are several suites with restaurant infrastructure to benefit from and several spaces can be combined for businesses needing a larger format than is currently offered. Qualified tenants can expect a white box delivery with a new HVAC unit, bare concrete floors, walls ready for tape/texture, exposed ceilings and utilities stubbed out to the back, ready for Tenant’s distribution. Come and be part of the new vision here at this high traffic corner of Tramway and Montgomery in the Far NE Heights.
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Caracol Plaza | 12500 Montgomery Blvd NE
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