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
