7301 San Antonio Dr. NE

Albuquerque, NM 87109 | 0.3 Acres / 2,400 SF | Investment Property For Sale

$900,000.00


Single-Tenant Absolute NNN Sale Leaseback | The Verdes Foundation

Array

Investment Property For Sale

Price $900,000.00
Size 0.3 Acres / 2,400 SF

Additional Information

The Verdes Foundation
7301 San Antonio Dr. NE
Albuquerque, NM 87109

 

Offering Summary:

Purchase Price: $900,000
Net Operating Income: $72,000
Cap Rate: 8.00%
Lease Type: Absolute NNN

 

Investment Highlights:

  • Single-Tenant Absolute NNN Sale-Leaseback
  • Recent remodel by tenant
  • Long-term lease
    – 10 years of initial term with five (5) 5-year options
    – 10% rental increases every 5 years
  • Building Size: ±2,400 SF
  • Land Size: ±0.29 acres
  • Absolute NNN lease – passive investment
    – No landlord responsibilities
  • Premier location
    – Visibility and access from San Antonio Dr.
    – Irreplaceable real estate; site is located in the heart of the Far Northeast Heights submarket
    – Services the wealthiest demographic area of Albuquerque
    – San Antonio Dr. serves as a thoroughfare to Interstate 25 with an on/off ramp
  • Significant traffic counts
    – San Antonio Dr.: Over 20,000 vehicles per day
    – Wyoming Blvd.: Over 26,000 vehicles per day

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Randall Parish

Advisor
505.878.0001

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