Wyoming Executive Plaza Fully Leased Single-Tenant Investment

Highlights:

• 100% leased, single-tenant investment opportunity
• Approximately 3,200-square-foot retail building
• Triple-net lease structure
• Contractual 3% annual rent increases
• One additional five-year renewal option with continued 3% annual rent growth
• 7.20% stabilized cap rate at the $800,000 asking price
• Cap rate increases to approximately 8.35% by Lease Year 6
• Strong Northeast Heights location along highly traveled Wyoming Boulevard
• Excellent visibility, signage opportunities, and convenient customer access
• Approximately 31,483 vehicles per day on Wyoming Boulevard
• Dense surrounding demographics with approximately 141,845 residents and an average household income of $98,818 within three miles
• Convenient access to Interstate 40, Menaul Boulevard, Montgomery Boulevard, and Uptown Albuquerque
• Established commercial corridor surrounded by residential neighborhoods, retailers, restaurants, offices, medical providers, and daily-needs services

Description:

Wyoming Executive Plaza offers investors the opportunity to acquire a 100%-occupied, single-tenant retail property in Albuquerque’s highly desirable Northeast Heights submarket. The approximately 3,200-square-foot building is leased to Verdes Cannabis, LLC under a new six-year triple-net lease featuring 3% annual rent increases and one additional five-year renewal option.

At the $800,000 asking price, the property provides a 7.20% stabilized cap rate with contractual rent growth increasing the investor’s return throughout the initial lease term. The tenant reimburses property taxes, building insurance, common-area maintenance, and other recoverable operating expenses, creating a predictable income stream with limited day-today landlord responsibilities.

Positioned along the highly traveled Wyoming Boulevard corridor, the property benefits from excellent visibility, convenient access, strong surrounding demographics, and proximity to established residential neighborhoods, national retailers, restaurants, professional offices, and medical providers. Its central location, long-term lease structure, and increasing rental income make Wyoming Executive Plaza an attractive investment opportunity in one of Albuquerque’s most established commercial areas.

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