Overview

Description

PROPERTY OVERVIEW:
Skyview Center is a CVS anchored neighborhood retail center located at the intersection of Tramway and Indian School. Skyview has been an integral part of the Monte Largo Hills neighborhood since 1987 and continues to bring fitness, pharmacy, dog grooming, event space and more to the same community today. With a brand new 10 year lease for Snap Fitness, a new 5 year lease for Balanced Physical Therapy and a 5 year renewal for Waggin’ Tails Dog Grooming, this property is ready for a new owner to benefit from the consistent cashflow for years to come. Skyview is set within a beautiful green campus and has a backdrop of the Sandia Mountains. The Skyview Center is a condominium and does not include The View Event Center as part of the sale.

LOCATION OVERVIEW:
1530-1540 Tramway is located at the far east end of the NE Heights submarket, visible from Tramway Blvd and easily accessible by many of the surrounding neighborhoods. The NE Heights is known for its large concentration of residential homes in this area and it is expected that nearly 40% of all Albuquerque’s residents live within 5 miles of this center. Tramway is also known for attracting some of Albuquerque’s most wealthy individuals looking to live in the foothills of the Sandia Mountains. This neighborhood center benefits from this statistic with an average income of $73,000 within 1 mile of the center.

Highlights

• 100% leased neighborhood retail strip center with brand new long term leases
• Recession proof tenants with Snap Fitness, Balanced Physical Therapy and Waggin’ Tails Dog Grooming
• Replaceable rents and priced below replacement cost
• Great demographics in the immediate area - 17,000+ population & $73,000 average Income
• Anchored by CVS and Walgreens and backs up to the beautiful Sandia Mountains

Documents

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