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Sprouts/Michael's Anch Ctr-Value Add Opp 3 biens | Local commercial | À vendre | 19 276 840 € | Albuquerque, NM
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Sprouts / Michaels Anchored Center - Nationally Recognized Retailers
- Well Below Replacement Cost - $170 PSF
- Four Hills is One of Only Two Neighborhood Centers Serving The Eastern Albuquerque Area
- Value Add Opportunity / 32,395 SF of Vacancy (25%) + High Yield 6.88% + Strong CAGR of 5.36% + 12.21% IRR upon stabilization
- Neighborhood Center Serving Easterly Trade Area W/Excellent 1-40 Freeway Accessibility To Surrounding Communities
- Regional Daily Needs Shopping Center
Résumé analytique
New Mexico Broker of Record: Pegasus Group LLC / License No.: REC-2023-0376
Faris Lee Investments is pleased to offer the rare value-add opportunity to acquire Four Hills Village, a grocery-anchored retail center located in the eastern trade area of
Albuquerque, New Mexico. Anchored by nationally recognized tenants Sprouts Farmers Market and Michaels, the property offers investors a secure and dependable income
stream from high-performing, credit-rated retailers. Sprouts (NASDAQ: SFM) continues to show exceptional strength with 2025 revenue exceeding $8.8 billion, while Michaels,
backed by Apollo Global Management, remains a dominant category leader with over 1,300 stores.
The offering features an attractive in-place initial yield of 7.00%, with significant upside potential through the leasing of 32,395 square feet of available shop space. This vacancyis ideally suited for value-oriented retailers, fitness centers, or medical uses, allowing an investor to realize an extremely strong 10-year CAGR of 5.36% and an unlevered IRR of 12.35% upon stabilization. Furthermore, with a purchase price reflecting a cost basis of only $167/SF, the investment is positioned well below replacement cost. This low-cost basis ensures a successful repositioning of the asset and allows for below-market rents to drive aggressive leasing momentum.
Four Hills Village serves as a critical regional hub, being one of only two neighborhood centers serving the eastern Albuquerque trade area and surrounding communities. The
center’s diverse merchandising mix, including grocery, arts and crafts, cinema, and health services, ensures consistent daily foot traffic that remains resilient against e-commerce trends and economic cycles.
Strategically located at the intersection of Central Avenue and Tramway Boulevard (±50,000 VPD), the property enjoys unparalleled freeway accessibility to Interstate 40.
This prime location allows the center to capture a massive 20–30-mile trade area with over 625,000 population serving as the primary grocery destination for the towns
of Tijeras, Cedar Crest, Edgewood, Moriarty, Sedillo, Albuquerque, and Estancia.
Faris Lee Investments is pleased to offer the rare value-add opportunity to acquire Four Hills Village, a grocery-anchored retail center located in the eastern trade area of
Albuquerque, New Mexico. Anchored by nationally recognized tenants Sprouts Farmers Market and Michaels, the property offers investors a secure and dependable income
stream from high-performing, credit-rated retailers. Sprouts (NASDAQ: SFM) continues to show exceptional strength with 2025 revenue exceeding $8.8 billion, while Michaels,
backed by Apollo Global Management, remains a dominant category leader with over 1,300 stores.
The offering features an attractive in-place initial yield of 7.00%, with significant upside potential through the leasing of 32,395 square feet of available shop space. This vacancyis ideally suited for value-oriented retailers, fitness centers, or medical uses, allowing an investor to realize an extremely strong 10-year CAGR of 5.36% and an unlevered IRR of 12.35% upon stabilization. Furthermore, with a purchase price reflecting a cost basis of only $167/SF, the investment is positioned well below replacement cost. This low-cost basis ensures a successful repositioning of the asset and allows for below-market rents to drive aggressive leasing momentum.
Four Hills Village serves as a critical regional hub, being one of only two neighborhood centers serving the eastern Albuquerque trade area and surrounding communities. The
center’s diverse merchandising mix, including grocery, arts and crafts, cinema, and health services, ensures consistent daily foot traffic that remains resilient against e-commerce trends and economic cycles.
Strategically located at the intersection of Central Avenue and Tramway Boulevard (±50,000 VPD), the property enjoys unparalleled freeway accessibility to Interstate 40.
This prime location allows the center to capture a massive 20–30-mile trade area with over 625,000 population serving as the primary grocery destination for the towns
of Tijeras, Cedar Crest, Edgewood, Moriarty, Sedillo, Albuquerque, and Estancia.
Taxes et frais d’exploitation (Réel - 2026) Cliquez ici pour accéder à |
Annuel |
|---|---|
| Revenu de location brut |
-
|
| Autres revenus |
-
|
| Perte due à la vacance |
-
|
| Revenu brut effectif |
-
|
| Résultat net d’exploitation |
$99,999
|
Taxes et frais d’exploitation (Réel - 2026) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | - |
| Autres revenus | |
|---|---|
| Annuel | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Revenu brut effectif | |
|---|---|
| Annuel | - |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
Informations sur l’immeuble
| Prix | 19 276 840 € | Nb de biens | 3 |
| Prix/m² | 2 094 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 6,88 % | Surface totale de l’immeuble | 9 204 m² |
| Type de vente | Investissement | Surface totale du terrain | 10 ha |
| Statut | Actif |
| Prix | 19 276 840 € |
| Prix/m² | 2 094 € / m² |
| Taux de capitalisation | 6,88 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 3 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 9 204 m² |
| Surface totale du terrain | 10 ha |
Biens
| Nom du bien/adresse | Type de bien | Surface | Année de construction | Prix individuel |
|---|---|---|---|---|
| 13140-13160 Central Ave SE, Albuquerque, NM 87123 | Local commercial | 7 904 m² | 1986 | - |
| 13170 Central Ave SE, Albuquerque, NM 87123 | Local commercial | 1 033 m² | 1986 | - |
|
Compass Bank
13140 Central Ave NE, Albuquerque, NM 87123 |
Local commercial | 267 m² | 1986 | - |
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Contacts
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Jeff Conover -
Donald MacLellan -
Scott DeYoung -
Greg Lukosky -
Faris Lee Investments
1 sur 7
Vidéos
Visite extérieure 3D Matterport
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Photos
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Présenté par
Sprouts/Michael's Anch Ctr-Value Add Opp
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