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Stable Local Tenant Retail Investment 1619-1625 San Pedro Dr NE 5 560 pi² 100% Loué Commerce de détail Immeuble Albuquerque, NM 87110 758 411 $ CAD (136,40 $ CAD/pi²) 6,70% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Fully leased retail asset with stable local tenants.
- Modified gross leases with upside for NNN conversion.
- Zoned MX-M (Mixed-Use) with 100% occupancy and no vacancies.
- Located near Albuquerque’s Uptown trade area with strong visibility of 13,479 daily vehicles on San Pedro Drive.
- Diverse tenant mix driving built-in foot traffic.
RÉSUMÉ DE L'ANNONCE
1619–1625 San Pedro Drive NE offers a stable, income-generating opportunity located just outside Albuquerque’s highly active Uptown trade area—home to the highest daytime population in New Mexico.
This fully leased, 5,560-square-foot, multi-tenant retail building features a diverse mix of local tenants, including a gym, dispensary, dog grooming salon, and tea shop—creating strong co-tenancy synergy and built-in foot traffic. The property fronts San Pedro Drive, which sees over 13,479 vehicles daily, providing excellent visibility.
There are no current vacancies; the nearest lease expiration is in 2027, with renewal options. All tenants are currently on modified gross leases, presenting future upside for an investor to convert to triple net (NNN) lease structures upon renewal or re-tenanting.
Initially constructed in 1962, the building is made of beige brick masonry and combines TPO and tar-and-gravel roofing. Each suite is equipped with a swamp cooler and radiant heating.
Signage includes individual building signage for each unit and a shared pylon sign with four tenant panels. This is an ideal opportunity for investors seeking a stable in-place income with long-term potential in one of Albuquerque’s most active retail corridors.
This fully leased, 5,560-square-foot, multi-tenant retail building features a diverse mix of local tenants, including a gym, dispensary, dog grooming salon, and tea shop—creating strong co-tenancy synergy and built-in foot traffic. The property fronts San Pedro Drive, which sees over 13,479 vehicles daily, providing excellent visibility.
There are no current vacancies; the nearest lease expiration is in 2027, with renewal options. All tenants are currently on modified gross leases, presenting future upside for an investor to convert to triple net (NNN) lease structures upon renewal or re-tenanting.
Initially constructed in 1962, the building is made of beige brick masonry and combines TPO and tar-and-gravel roofing. Each suite is equipped with a swamp cooler and radiant heating.
Signage includes individual building signage for each unit and a shared pylon sign with four tenant panels. This is an ideal opportunity for investors seeking a stable in-place income with long-term potential in one of Albuquerque’s most active retail corridors.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
5 560 pi²
Classe d’immeuble
C
Année de construction
1962
Prix
758 411 $ CAD
Prix par pi²
136,40 $ CAD
Taux de capitalisation
6,70%
Revenu net d’exploitation
50 814 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,51
Taille du lot
0,25 AC
Zonage
MX-M - MX-L
Stationnement
14 places (2,52 places par 1 000 pi² loué)
Façade
73’ sur San Pedro Dr
COMMODITÉS
- Enseigne sur pylône
Walk Score®
Très pratique à pied (76)
Bike Score®
Un paradis pour un cycliste (90)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Impôts fonciers
| Numéro de lot | 1-018-058-251240-3-38-06 | Évaluation des bâtiments | 200 447 $ CAD |
| Évaluation du terrain | 34 426 $ CAD | Évaluation totale | 234 873 $ CAD |
Impôts fonciers
Numéro de lot
1-018-058-251240-3-38-06
Évaluation du terrain
34 426 $ CAD
Évaluation des bâtiments
200 447 $ CAD
Évaluation totale
234 873 $ CAD
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Stable Local Tenant Retail Investment | 1619-1625 San Pedro Dr NE
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