Harbor Freight Single Tenant w/ Additional Land Available

4410 Central Avenue Southwest, Albuquerque, NM

$2,600,000

Price

6.18%

Cap Rate

$160,657

NOI

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Street
Map
Overview
Cap Rate
6.18%
NOI
$160,657
Building Size
16,376 sqft
Lot Area
1.27 acres
Lease Type
Double Net
Year Built
1970
Price Per Sqft
$158.77
Tenancy
Single
Year Last Renovated
2019
Investment Strategy
Core Plus
Lease Expire Year
04-30-2030
Highlights
  • Strong Location | Placer Reports Rank this Location in the Top 20% of The Chain
  • Location Has Nearly 1,500 Google Ratings W/ Average Rating of 4.5 Stars
  • Albuquerque is the 4th Largest MSA in the Southwest | Nearly 1MM Population
  • 3% Vacancy on 8MM SF Within 3.5 Miles | Strong Retail Demand
  • Below Market Rent of $11/sf | Average Rent in a 3.5 Mile Radius is $18.13/sf
  • Urban Infill Location W/ 5-Mile Population of +232,128
  • Less Than 2.5 Miles Outside of Downtown Albuquerque
  • Property is Positioned of Central Ave NW | +53,591 VPD
  • Strong Foot Traffic Indicated By Bank of America ATM on Site
  • Strong Retail Corridor W/ Neighboring National Tenants Including: Burlington, Starbucks, Ross Dress For Less, Conn's Home Plus, Panda Express, Five Below and Many More
Location
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