6300 Central Ave. SE

Albuquerque, NM 87108 | 0.7 Acres / 2,984 SF | Investment Property For Sale

$1,500,000.00


Single-Tenant Absolute Net-Lease Circle K | Corporate Guaranty

Array

Investment Property For Sale

Price $1,500,000.00
Size 0.7 Acres / 2,984 SF

Additional Information

Circle K
6300 Central Ave. SE
Albuquerque, NM 87108

 

Offering Summary

Purchase Price: $1,500,000
NOI: $92,944
Cap Rate: 6.20%
Lease Type: Absolute NNN

 

Investment Highlights

  • Single-Tenant Absolute Net-Lease Circle K
  • Corporate Guaranty (Alimentation Couche-Tard, Inc.)
  • Over 4 years of lease term remaining through December 31, 2023
    – tenant has operated at this location since 2006
  • Building size: ±2,984 SF
  • Land size: ±0.65 acres
  • Strong real estate fundamentals
    – Hard corner, signalized intersection
    – Located across the street from the Downs Racetrack and Casino and the State Fairgrounds
    – This location sells alcohol (high barrier to entry and very desirable)
  • Significant traffic counts on Central Ave.
    – Traffic counts exceed 28,800 cars per day on Central Ave.
    – Traffic counts exceed 15,200 cars per day on San Pedro Dr.
  • Dense, in-fill retail corridor
    – Neighboring tenants include Sonic, Mister Car Wash, and AutoZone among many others
    – Population exceeds 113,000 within a 3-mile radius

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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