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5161 Lang Ave NE
Albuquerque, NM 87109
Retail Property For Sale
Investment Highlights
- Consistent and predictable income stream with Favorable positive leverage
- Long-standing, stable tenancy anchored by established local businesses since 2019
- Situated within the premier Journal Center Office Park, benefiting from a significant daytime population in the larger North I-25 submarket
- Guaranteed annual rent escalations
- Strategically located and well-constructed asset within the highly desirable North I-25 corridor, offering exceptional visibility from Interstate 25
- Dynamic location amidst a thriving ecosystem of retail, office, and Class A multifamily developments
Executive Summary
CBRE, Inc. is pleased to offer this one of kind retail strip center investment located in the north Albuquerque, highly desirable Journal Center submarket. Shadow anchored by a top Bass Pro Shops and surrounded by Class A office and multi-family developments, Legacy @ Journal Center Shops caters to wide breadth of consumers in the vicinity and those traveling for the Bass Pro experience. Offered at a very attractive 7.5% cap, the investment provides ample positive leverage and predictable annual cash on cash return.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,685 SF
Building Class
B
Year Built
2019
Price
$5,497,559 CAD
Price Per SF
$632.99 CAD
Cap Rate
7.50%
NOI
$412,317 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
4.81 AC
Opportunity Zone
Yes
Zoning
NR-BP - Business Park Non-Residential
Frontage
123’ on Lang Avenue Northeast
Property Taxes
| Parcel Number | 1-017-063-526449-1-07-05 | Improvements Assessment | $273,311 CAD |
| Land Assessment | $171,228 CAD | Total Assessment | $444,539 CAD |
Property Taxes
Parcel Number
1-017-063-526449-1-07-05
Land Assessment
$171,228 CAD
Improvements Assessment
$273,311 CAD
Total Assessment
$444,539 CAD
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