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Heritage Marketplace 1800 Unser Blvd NW 1,200 SF of Retail Space Available in Albuquerque, NM 87120
HIGHLIGHTS
- Walmart Neighborhood (ranked 2nd in NM w/ 1.6M visits in last 12 months) shadow anchored strip center
- Newly constructed building among Starbucks, Taco Bell, McDonald's, and Burger King
- Fast growing community with over 78,000 residents within 3 miles and still expanding
- Great co-tenancy with Verizon Wireless, NextCare Urgent Care & Great Clips
- Located seconds from I-40 with huge visibility from Unser Blvd (34,404 Cars Per Day)
- 2nd Gen Smoothie shop with plumbing, grease trap and floor drains in place
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200 SF | Negotiable | $41.88 CAD/SF/YR $3.49 CAD/SF/MO $50,253 CAD/YR $4,188 CAD/MO | Triple Net (NNN) |
1st Floor
Heritage Marketplace is a 2017 constructed multi-tenant retail strip center that is shadow anchored by a top producing Walmart Neighborhood Market. This property features a great tenant mix, benefits from excellent street visibility and access and is one of few existing retail opportunities within this relatively new part of town. The 1,200 SF availability offers a great opportunity for food and beverage tenants to benefit from a former smoothie shop build-out, including existing plumbing, floor drains and an above-ground grease trap to save on initial infrastructure costs. All spaces offer building signage opportunities on the east and west faces and feature large storefront glass and natural light from the east.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- Great co-tenancy
- Newly constructed building
- Located seconds from I-40
- Fast growing community
- 2nd Gen Smoothie shop
- Adjacent to the proposed Rio Grande Academy
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.
PROPERTY FACTS
| Total Space Available | 1,200 SF | Total Land Area | 1.81 AC |
| Property Type | Retail | Year Built | 2017 |
| Property Subtype | Storefront | Parking Ratio | 5.67/1,000 SF |
| Gross Leasable Area | 10,049 SF |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 10,049 SF |
| Total Land Area | 1.81 AC |
| Year Built | 2017 |
| Parking Ratio | 5.67/1,000 SF |
ABOUT THE PROPERTY
Heritage Marketplace is a 2017 constructed multi-tenant retail strip center that is shadow anchored by a top producing Walmart Neighborhood Market. This property features a great tenant mix, benefits from excellent street visibility and access and is one of few existing retail opportunities within this relatively new part of town. The 1,200 SF availability offers a simple 2nd generation option with its existing open floor plan or can be converted easily for a new use altogether. All spaces offer building signage opportunities on the east and west faces and feature large storefront glass and natural light from the east. The West Mesa Submarket has seen explosive growth as residents continue to push activity west of Albuquerque’s core. There are now over 78,000 residents within a 3 mile radius of the Heritage Marketplace, creating a huge demand for basic retail services and with this being a very underdeveloped market. This area has also seen increased construction and job growth as a result of the Amazon Distribution and Fulfillment Center to the west of the site.
NEARBY MAJOR RETAILERS
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Heritage Marketplace | 1800 Unser Blvd NW
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