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Pavilions San Mateo-Walmart Grocery Anch 4 biens • Commerce de détail • À vendre 43 542 033 $ CAD • Albuquerque, NM
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Highly Successful Walmart Grocery Anchored Center Investment Opportunity
- Regional Daily Needs Shopping Center
- Walmart Anchored Neighborhood Center Serving Central Albuquerque Trade Area W/ Excellent I-40 Freeway Accessibility To Surrounding Communities
- New Leasing Activity And Strong Anchor Renewals Show Increased Tenant Demand For The Area
- Well Below Replacement Costs – Under $225/SF
- Strong Demographics In The Immediate Trade Area
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 Pavilions at San Mateo, a Walmart Grocery–anchored community center in the central core of Albuquerque. Reinforcing the strength of this location, Walmart recently executed an extension through 2036, providing long-term income stability. Grocery-anchored shopping centers continue to be one of the most resilient and sought after product types for retail investors, driven by necessity-based demand and consistent daily traffic.
Significant leasing momentum & anchor lease extensions further highlight strength of the real estate , evidenced by Five Below signing a new 10-year lease and Dollar Tree recently extending for 10 years as well as Old Navy & Shoe Dept extending for 5 years. These national retailers complement a diverse merchandising mix of daily needs tenants that draws over 2.2 million visitors annually (Placer.ai). Furthermore, with a purchase price reflecting a cost basis under $225/SF, the offering provides a secure investment well below replacement cost, allowing for long-term rental growth and favorable returns.
Strategically located near the on/off ramp of Interstate 40 (±206,300 VPD), The Pavilions at San Mateo enjoys exceptional regional accessibility and visibility. The property is positioned at the high-traffic intersection of San Mateo Blvd NE and Cutler Ave NE (combined ±48,000 VPD), benefiting from multiple points of ingress/egress and significant street frontage. The center is also situated within a premier commercial corridor, just one mile from major regional economic drivers including Coronado Center and Winrock Town Center.
The surrounding trade area features exceptional demographics, with over 117,000 residents and a daytime employment base of 110,000 employees within 3 miles. This high concentration of consumers positions The Pavilions at San Mateo as a compelling opportunity to acquire a high-quality, stabilized asset with a powerful national tenant lineup in a premier central Albuquerque retail corridor.
Faris Lee Investments is pleased to offer the rare opportunity to acquire the fee simple interest in The Pavilions at San Mateo, a Walmart Grocery–anchored community center in the central core of Albuquerque. Reinforcing the strength of this location, Walmart recently executed an extension through 2036, providing long-term income stability. Grocery-anchored shopping centers continue to be one of the most resilient and sought after product types for retail investors, driven by necessity-based demand and consistent daily traffic.
Significant leasing momentum & anchor lease extensions further highlight strength of the real estate , evidenced by Five Below signing a new 10-year lease and Dollar Tree recently extending for 10 years as well as Old Navy & Shoe Dept extending for 5 years. These national retailers complement a diverse merchandising mix of daily needs tenants that draws over 2.2 million visitors annually (Placer.ai). Furthermore, with a purchase price reflecting a cost basis under $225/SF, the offering provides a secure investment well below replacement cost, allowing for long-term rental growth and favorable returns.
Strategically located near the on/off ramp of Interstate 40 (±206,300 VPD), The Pavilions at San Mateo enjoys exceptional regional accessibility and visibility. The property is positioned at the high-traffic intersection of San Mateo Blvd NE and Cutler Ave NE (combined ±48,000 VPD), benefiting from multiple points of ingress/egress and significant street frontage. The center is also situated within a premier commercial corridor, just one mile from major regional economic drivers including Coronado Center and Winrock Town Center.
The surrounding trade area features exceptional demographics, with over 117,000 residents and a daytime employment base of 110,000 employees within 3 miles. This high concentration of consumers positions The Pavilions at San Mateo as a compelling opportunity to acquire a high-quality, stabilized asset with a powerful national tenant lineup in a premier central Albuquerque retail corridor.
Faits sur la propriété
| Prix | 43 542 033 $ CAD | Nombre de propriétés | 4 |
| Prix/pi² | 320,84 $ CAD / pi² | Individuellement en vente | 4 |
| Taux de capitalisation | 7% | Taille totale du bâtiment | 135 711 pi² |
| Type de vente | Investissement pour loyer hypernet | Superficie totale du terrain | 22,42 AC |
| Statut | Actif |
| Prix | 43 542 033 $ CAD |
| Prix/pi² | 320,84 $ CAD / pi² |
| Taux de capitalisation | 7% |
| Type de vente | Investissement pour loyer hypernet |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 4 |
| Taille totale du bâtiment | 135 711 pi² |
| Superficie totale du terrain | 22,42 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 4600-4700 Cutler Ave, Albuquerque, NM 87110 | Commerce de détail | 75 907 pi² | 1996 | 16 151 615 $ CAD |
| 4900 Cutler Ave NE, Albuquerque, NM 87110 | Commerce de détail | 40 787 pi² | 1997 | 20 630 694 $ CAD |
| 5010 Cutler Ave NE, Albuquerque, NM 87110 | Commerce de détail | 14 017 pi² | 1997 | 7 342 288 $ CAD |
| 4910 Cutler Ave NE, Albuquerque, NM 87110 | Commerce de détail | 5 000 pi² | 1996 | 3 118 346 $ CAD |
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Contacts
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Donald MacLellan -
Jeff Conover -
Scott DeYoung -
Greg Lukosky -
Faris Lee Investments
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Pavilions San Mateo-Walmart Grocery Anch
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