2600 San Pedro Dr NE

Albuquerque, NM 87110 | 49,997 SF | Investment Property For Sale

$4,690,000.00


Fiesta Plaza | 2600 San Pedro Dr NE | High Yielding Center

Investment Property For Sale

Price $4,690,000.00
Size 49,997 SF

Additional Information

Fiesta Plaza

Purchase Price: $4,690,000
Price per Square Foot: $93.81
Net Operating Income: $469,296
CAP Rate: 10.00%

Property Details:

  • Significant in-place cash flow (10.00% CAP Rate)
  • Leasehold interest on long-term ground lease
    • Ground lease has about 48.5 years of term remaining, including option periods
  • Long-tenured tenancy
    • Guitar Center recently signed a new lease for an additional 10 years
  • High-performing intersection with excellent visibility
  • Strategically located at the major intersection of Menaul Blvd & San Pedro Dr with over 55,600 cars per day
  • Dominant retail corridor – Uptown Trade Area
    • One of the strongest and most desirable retail trade areas within Albuquerque
  • Dense, in-fill Northeast Heights location

Location

Cole Flanagan, CPA, MBA

Partner
505.878.0001

Brett Hills

Senior Director
505-878-0001

Jake Mechenbier

Advisor
505.878.0001

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