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2621 Wyoming Blvd NE 3,200 SF 100% Leased Office Building Albuquerque, NM 87112 $1,107,200 CAD ($346.00 CAD/SF)
Investment Highlights
- • Approximately 3,200-square-foot retail building
- • One additional five-year renewal option with continued 3% annual rent growth
- Cap rate increases to approximately 8.35% by Lease Year 6
- • Triple-net lease structure
- • 7.20% stabilized cap rate at the $800,000 asking price
- • Strong Northeast Heights location along highly traveled Wyoming Boulevard
Executive Summary
Wyoming Executive Plaza offers investors the opportunity to
acquire a 100%-occupied, single-tenant retail property in
Albuquerque’s highly desirable Northeast Heights submarket.
The approximately 3,200-square-foot building is leased to
Verdes Cannabis, LLC under a new six-year triple-net lease
featuring 3% annual rent increases and one additional fiveyear renewal option.
At the $800,000 asking price, the property provides a 7.20%
stabilized cap rate with contractual rent growth increasing the
investor’s return throughout the initial lease term. The tenant
reimburses property taxes, building insurance, common-area
maintenance, and other recoverable operating expenses,
creating a predictable income stream with limited day-today landlord responsibilities.
Positioned along the highly traveled Wyoming Boulevard
corridor, the property benefits from excellent visibility,
convenient access, strong surrounding demographics, and
proximity to established residential neighborhoods, national
retailers, restaurants, professional offices, and medical
providers. Its central location, long-term lease structure, and
increasing rental income make Wyoming Executive Plaza an
attractive investment opportunity in one of Albuquerque’s
most established commercial areas.
acquire a 100%-occupied, single-tenant retail property in
Albuquerque’s highly desirable Northeast Heights submarket.
The approximately 3,200-square-foot building is leased to
Verdes Cannabis, LLC under a new six-year triple-net lease
featuring 3% annual rent increases and one additional fiveyear renewal option.
At the $800,000 asking price, the property provides a 7.20%
stabilized cap rate with contractual rent growth increasing the
investor’s return throughout the initial lease term. The tenant
reimburses property taxes, building insurance, common-area
maintenance, and other recoverable operating expenses,
creating a predictable income stream with limited day-today landlord responsibilities.
Positioned along the highly traveled Wyoming Boulevard
corridor, the property benefits from excellent visibility,
convenient access, strong surrounding demographics, and
proximity to established residential neighborhoods, national
retailers, restaurants, professional offices, and medical
providers. Its central location, long-term lease structure, and
increasing rental income make Wyoming Executive Plaza an
attractive investment opportunity in one of Albuquerque’s
most established commercial areas.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,200 SF
Building Class
B
Year Built
2008
Price
$1,107,200 CAD
Price Per SF
$346.00 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,900 SF
Building FAR
0.28
Lot Size
0.26 AC
Zoning
MX-M
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1-019-059-526509-1-24-20 | Improvements Assessment | $78,319 CAD |
| Land Assessment | $51,863 CAD | Total Assessment | $130,182 CAD |
Property Taxes
Parcel Number
1-019-059-526509-1-24-20
Land Assessment
$51,863 CAD
Improvements Assessment
$78,319 CAD
Total Assessment
$130,182 CAD
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2621 Wyoming Blvd NE
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