CVS Albuquerque NM - Net Bond Lease

7900 Central Avenue Southwest, Albuquerque, NM

$4,096,271

Price

7%

Cap Rate

$286,739

NOI

Gallery
Street
Map
Overview
Cap Rate
7%
NOI
$286,739
Building Size
14,287 sqft
Lot Area
1.95 acres
Occupancy
100%
Class
A
Lease Type
Absolute Net
Year Built
2009
Tenancy
Single
Highlights
  • Albuquerque is the 4th Largest MSA in the Southwest | Nearly 1M Population
  • Absolute Net Bond Lease | No Landlord Responsibilities
  • Healthy retail Demand | 3% Vacancy Rate on 8.8M Sf of Retail Within a 5-Mile Radius
  • Healthy Flex/Industrial Demand | 0.5% Vacancy Rate on12.6M Sf of Flex/Industrial Within a 5-Mile Radius
  • On the hard Corner of New retail Development by Armstrong Development W/ Lowe's & Staples as Retail Anchors
  • Lease is Corporately Guaranteed by CVS, the largest pharmacy chain in the U.S | S&P “BBB+"
  • Busy Intersection With Combined Traffic Counts Exceeding 54,710
  • Prototypical Freestanding CVS Equipped with Drive-Thru
Documents
Title
CVS_-_Albuquerque__NM.pdf
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Location
Gallery