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Old Navy & XFinity Anchored Investment 4900 Cutler Ave NE 40 787 pi² 100% Loué Commerce de détail Immeuble Albuquerque, NM 87110 20 630 694 $ CAD (505,82 $ CAD/pi²) 6,75% Taux de capitalisation
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Faits saillants de l'investissement
- Old Navy - Strong National/Investment Grade Tenanat - Largest Subsidiary of Gap publicly traded on NYSE: GAP since 1976
- Regional Daily Needs Shopping Center that typically perform well regardless of the economic cycles and are not as exposed to the e-commerce threat.
- Strong population with over 116,000 people within 3 miles
- XFinity - Strong National/Investment Grade Tenant - Comcast Division
- Well below replacement costs - Under $358/SF
- Well positioned property within 4 miles of Downtown Albuquerque - leading MSA of New Mexico
Résumé de l'annonce
New Mexico Broker of Record LEE LANGEN - REMAX - License No. 19241
Faris Lee Investments is pleased to offer the rare opportunity to acquire the fee-simple interest in the premier national junior anchor and inline retail component of The Pavilions at San Mateo in Albuquerque, New Mexico. The offering features an exceptional lineup of destination retailers, anchored by a prominent 15,210 SF Old Navy, which recently executed a 5-year lease extension. Illustrating tremendous leasing momentum and intense retailer demand. Regional favorite Boofy’s Best for Pets signed a new 5-year lease to facilitate center expansion. In total, ownership has successfully extended over 7,000 square feet of inline shop space, ensuring high occupancy and institutional stability. Multitenant retail portions within dominant centers continue to be a highly sought-after product type, driven by necessity-based demand and an internet-resistant merchandising mix.
This retail asset benefits from massive, built-in consumer synergy by being directly shadow anchored by a top-performing Walmart Grocery, which drives heavy daily cross-traffic to the immediate parcel and recently extended its commitment through 2036. The center itself welcomes over 2.2 million visitors annually (Placer.ai). This investment delivers an exceptionally stabilized, high-yielding asset profile backed by a resilient corporate tenant roster that ensures defensive, predictable revenue and favorable returns. The hands-off nature of the leases enables streamlined operations, while full building ownership provides
a premier vehicle for a 1031 exchange buyer seeking to maximize tax benefits through cost segregation and accelerated depreciation.
Faris Lee Investments is pleased to offer the rare opportunity to acquire the fee-simple interest in the premier national junior anchor and inline retail component of The Pavilions at San Mateo in Albuquerque, New Mexico. The offering features an exceptional lineup of destination retailers, anchored by a prominent 15,210 SF Old Navy, which recently executed a 5-year lease extension. Illustrating tremendous leasing momentum and intense retailer demand. Regional favorite Boofy’s Best for Pets signed a new 5-year lease to facilitate center expansion. In total, ownership has successfully extended over 7,000 square feet of inline shop space, ensuring high occupancy and institutional stability. Multitenant retail portions within dominant centers continue to be a highly sought-after product type, driven by necessity-based demand and an internet-resistant merchandising mix.
This retail asset benefits from massive, built-in consumer synergy by being directly shadow anchored by a top-performing Walmart Grocery, which drives heavy daily cross-traffic to the immediate parcel and recently extended its commitment through 2036. The center itself welcomes over 2.2 million visitors annually (Placer.ai). This investment delivers an exceptionally stabilized, high-yielding asset profile backed by a resilient corporate tenant roster that ensures defensive, predictable revenue and favorable returns. The hands-off nature of the leases enables streamlined operations, while full building ownership provides
a premier vehicle for a 1031 exchange buyer seeking to maximize tax benefits through cost segregation and accelerated depreciation.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Taille du bâtiment
40 787 pi²
Classe d’immeuble
B
Année de construction/rénovation
1997/2025
Prix
20 630 694 $ CAD
Prix par pi²
505,82 $ CAD
Taux de capitalisation
6,75%
Revenu net d’exploitation
1 392 608 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,24
Taille du lot
3,90 AC
Zonage
MX-M - Usage mixte - Intensité modérée
Stationnement
481 places (11,79 places par 1 000 pi² loué)
Façade
Commodités
- Visibilité de l'autoroute
- Enseigne sur pylône
- Restaurant
- Affichage
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 1-017-059-389122-4-02-11 | Évaluation des bâtiments | 189 658 $ CAD |
| Évaluation du terrain | 123 599 $ CAD | Évaluation totale | 313 256 $ CAD |
Impôts fonciers
Numéro de lot
1-017-059-389122-4-02-11
Évaluation du terrain
123 599 $ CAD
Évaluation des bâtiments
189 658 $ CAD
Évaluation totale
313 256 $ CAD
Contacts
-
Donald MacLellan -
Jeff Conover -
Scott DeYoung -
Greg Lukosky -
Faris Lee Investments
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
Old Navy & XFinity Anchored Investment | 4900 Cutler Ave NE
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