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Pavilions San Mateo-Walmart Grocery Anch 4 biens | Local commercial | À vendre | 26 916 602 € | Albuquerque, NM
Certaines informations ont été traduites automatiquement.
Informations principales sur 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 analytique
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.
Informations sur l’immeuble
| Prix | 26 916 602 € | Nb de biens | 4 |
| Prix/m² | 2 135 € / m² | Individuellement en vente | 4 |
| Taux de capitalisation | 7 % | Surface totale de l’immeuble | 12 608 m² |
| Type de vente | Investissement triple net | Surface totale du terrain | 8,87 ha |
| Statut | Actif |
| Prix | 26 916 602 € |
| Prix/m² | 2 135 € / m² |
| Taux de capitalisation | 7 % |
| Type de vente | Investissement triple net |
| Statut | Actif |
| Nb de biens | 4 |
| Individuellement en vente | 4 |
| Surface totale de l’immeuble | 12 608 m² |
| Surface totale du terrain | 8,87 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 4600-4700 Cutler Ave, Albuquerque, NM 87110 | Local commercial | 7 052 m² | 1996 | 9 984 527 € |
| 4900 Cutler Ave NE, Albuquerque, NM 87110 | Local commercial | 3 789 m² | 1997 | 12 753 382 € |
| 5010 Cutler Ave NE, Albuquerque, NM 87110 | Local commercial | 1 302 m² | 1997 | 4 538 820 € |
| 4910 Cutler Ave NE, Albuquerque, NM 87110 | Local commercial | 465 m² | 1996 | 1 853 205 € |
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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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