Log In/Sign Up
Your email has been sent.
2-Tenant Big 5 Pad Bldg / NNN Investment 3140 Coors Blvd NW 11,869 SF Retail Building Albuquerque, NM 87120 $3,779,326 CAD ($318.42 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Corporate executed lease, established western US retailer (Big 5 operates approx. 414 stores across 11 Western states.
- Fee simple ownership, land & building
- Low cost PSF investment with high yield /$228 PSF is below replacement cost / 7.5% Return
- 2 tenant NNN leased investment 100% leased / Ease of Management
- High visibility Coors Blvd. Major Retail Thoroughfare / 50,200 VPD
- Major national retailers/high performing retail trade area ( Nearby Home Depot ranks as the No. 1 most visited Home Depot in New Mexico)
Executive Summary
New Mexico Broker of Record: Pegasus Group LLC / License No.: 2023-0376
Faris Lee Investments is pleased to present the opportunity to acquire the fee simple interest in a 100% leased, two-tenant neighborhood retail investment anchored by Big 5 Sporting Goods and Honey Supply Smoke Shop in Albuquerque, New Mexico. The 11,869-square-foot property is offered at $2,709,000, representing an attractive high-yield 7.50% cap rate on in-place NOI of $203,140. Big 5 Sporting Goods has successfully operated at the property since 2004, demonstrating more than 21 years of historical occupancy, while Honey Supply has occupied the property since 2021 and is committed through July 2029. Big 5, a recognized Western U.S. sporting goods retailer with approximately 414 locations across 11 states, employs more than 7,600 people.
The investment provides durable rental income through net lease structures under which both tenants reimburse their proportionate share of property taxes, insurance, and CAM expenses, while also maintaining their respective HVAC systems and interior premises. Big 5 is committed through March 2030 with one remaining five-year renewal option at an increased monthly rent of $16,167. Honey Supply’s lease includes scheduled rent increases in August 2027 and August 2028. This structure minimizes day-to-day ownership obligations. The investment is offered at $228 PSF which is below replacement cost.
Faris Lee Investments is pleased to present the opportunity to acquire the fee simple interest in a 100% leased, two-tenant neighborhood retail investment anchored by Big 5 Sporting Goods and Honey Supply Smoke Shop in Albuquerque, New Mexico. The 11,869-square-foot property is offered at $2,709,000, representing an attractive high-yield 7.50% cap rate on in-place NOI of $203,140. Big 5 Sporting Goods has successfully operated at the property since 2004, demonstrating more than 21 years of historical occupancy, while Honey Supply has occupied the property since 2021 and is committed through July 2029. Big 5, a recognized Western U.S. sporting goods retailer with approximately 414 locations across 11 states, employs more than 7,600 people.
The investment provides durable rental income through net lease structures under which both tenants reimburse their proportionate share of property taxes, insurance, and CAM expenses, while also maintaining their respective HVAC systems and interior premises. Big 5 is committed through March 2030 with one remaining five-year renewal option at an increased monthly rent of $16,167. Honey Supply’s lease includes scheduled rent increases in August 2027 and August 2028. This structure minimizes day-to-day ownership obligations. The investment is offered at $228 PSF which is below replacement cost.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,869 SF
Building Class
B
Year Built
2003
Price
$3,779,326 CAD
Price Per SF
$318.42 CAD
Cap Rate
7.50%
NOI
$283,401 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.13 AC
Zoning
MX-L
Parking
14 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
229’ on Coors Blvd
Amenities
- Signage
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-011-060-276065-3-06-13 | Improvements Assessment | $478,034 CAD |
| Land Assessment | $161,427 CAD | Total Assessment | $639,461 CAD |
Property Taxes
Parcel Number
1-011-060-276065-3-06-13
Land Assessment
$161,427 CAD
Improvements Assessment
$478,034 CAD
Total Assessment
$639,461 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2-Tenant Big 5 Pad Bldg / NNN Investment | 3140 Coors Blvd NW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.