Walmart Grocery,DollarTree,Five Below,ShoeDep 4600-4700 Cutler Ave Local commercial 7 052 m² 96 % Loué À vendre Albuquerque, NM 87110 9 984 527 € (1 415,85 €/m²) Taux de capitalisation 6,50 %

New Mexico Broker of Record: Lee Langen / 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 dominant Walmart Grocery-anchored community center located in the central core of Albuquerque, New Mexico. Reinforcing the undeniable strength and long-term viability of this location, Walmart recently executed a major lease extension through 2036 based on their high-volume sales performance. Supermarket and grocery-anchored shopping centers have consistently remained the single most resilient, stable, and highly desired asset class for retail property investors, insulated from economic fluctuations and driven entirely by necessity-based consumer habits that ensure consistent daily foot traffic.
Complementing the powerhouse grocery anchor, the center boasts extraordinary leasing velocity, a protective low-cost basis at $150/SF, and a diverse merchandising mix of national retailers that maximizes crossover shopping. This includes Five Below signing a brand-new 10-year lease for 13,142 square feet, Dollar Tree extending for 10 years in its 10,000 square foot space, and a high-performing Shoe Dept. occupying 15,839 square feet. These major national retailers align directly alongside the flagship 36,926 square foot Walmart Neighborhood Market, anchoring the core footprint of the asset. In total, ownership has recently renewed over 7,000 square feet of inline shop space, giving a passive investor or 1031 exchange buyer a perfectly balanced, internet-resistant revenue
stream that qualifies for significant tax advantages via cost segregation and accelerated depreciation.
The property is strategically positioned with unparalleled freeway accessibility, located directly near the on/off ramps of Interstate 40 (over 206,300 VPD) and fronting the high traffic arterial intersection of San Mateo Blvd NE and Cutler Ave NE (over 48,000 VPD). Backed by excellent street frontage and multiple entry points, the center successfully draws over 2.2 million visitors annually (Placer.ai). It sits just over a mile from the state’s leading regional retail drivers, including Winrock Town Center and the Coronado Center Regional Mall. This high-profile location is sustained by stellar local demographics, featuring over 116,000 residents, 54,000 households, and a massive daytime business population of 113,000 employees within a 3-mile radius, making it a highly secure, income-generating asset.