Dual-Tenant Retail | Albuquerque, NM

For Sale

Dual-Tenant Retail | Albuquerque, NM

Asking Price: $5,360,000 | Cap Rate: 7%

• Net Operating Income: $375,050
• Weighted Avg. Lease Term (WALT): 3.9 Years
• Lease Type: Net

Property Highlights

• Fully leased to essential retailers; Office Depot (S&P: B) and Dollar Tree (S&P: BBB-)
• Brand new 10-year Dollar Tree lease amidst COVID-19; showing an incredible need in this market
• Office Depot has been at this location since 1998; showing a commitment to the site
• Excellent location in Albuquerque with a population of over 88,916 in a 3 mile radius