7737 Zuni Rd SE

Albuquerque, NM 87108 | 0.4 Acres / 6,000 SF | Investment Property For Sale

$670,000.00


Corporate Single-Tenant Investment | 7737 Zuni Rd SE

Investment Property For Sale

Price $670,000.00
Size 0.4 Acres / 6,000 SF

Additional Information

7737 Zuni Rd SE
The Universal Church
Corporate Single-Tenant Investment
Low Price Point
Long-Term Predictability
New 8-Year Lease

 

Offering Summary

Purchase Price: $670,000
Price per Square Foot: $111.67
Net Operating Income: $46,688
CAP Rate: 7.0%
Lease Type: Modified Gross

 

Investment Highlights

  • New 8-year lease term through December 31, 2025
  • Annual rent increase starting in year 3
  • The Universal Church
    • Large, established church
    • Located in more than 100 countries throughout the world
    • Congregation as a whole is in excess of 3 million members
  • Building size: +/- 6,000 sq ft
  • Land size: +/- 0.44 acres
  • Recent significant upgrades/renovations
  • Strategically located at the corner of Dallas St & Zuni Rd
  • Dense infill location – 113,000+ population within a 3-mile radius of site
  • Convenient access
    • Located one street south of Central Ave
    • Near the State Fairgrounds and Interstate 40
  • Repair and Maintenance
    • Landlord only responsible for repair and replacement of roof, foundation, and structural elements

Location

Cole Flanagan, CPA, MBA

Partner
505.878.0001

Jake Mechenbier

Senior Advisor
505.878.0001

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