Caracol Plaza Albuquerque’s Most Anticipated Redevelopment Project

Highlights:

• High-Traffic Location: Hard corner visibility with exposure to over 40,000 vehicles per day.
• Flexible Space Options: Suites available from ±1,000 SF up to ±10,000 SF, suitable for a wide variety of retail and service uses.
• Prominent Signage Opportunities: Excellent visibility along Montgomery Blvd NE, one of Albuquerque’s busiest corridors.
• Ample Parking: Convenient on-site parking to accommodate both customers and employees.
• Strong Surrounding Demographics: Dense residential neighborhoods nearby with strong average household incomes.
• Easy Access: Multiple ingress/egress points make it convenient for shoppers coming from surrounding areas.
• Established Tenant Mix: Current tenants include a bar, salon, fitness, nail salon, wellness spa, and voting center, drawing consistent traffic to the center.

Description:

PROPERTY OVERVIEW
Welcome to Caracol Plaza, Albuquerque’s Most Anticipated Redevelopment Project. The time has come for a new vision for this Far NE Heights property that has so much potential for new retail offerings and a supportive community to make its transformation a success. New ownership has taken over and has big plans to rebrand the center, remodel the façade with new stucco and color palate, new parking lot, improve signage and is ready to white box the spaces for qualified tenants to allow for new retailers to pick the finishes and layouts with a blank slate. There are several suites with restaurant infrastructure to benefit from and several spaces can be combined for businesses needing a larger format than is currently offered. Qualified tenants can expect a white box delivery with a new HVAC unit, bare concrete floors, walls ready for tape/texture, exposed ceilings and utilities stubbed out to the back, ready for Tenant’s distribution. Come and be part of the new vision here at this high traffic corner of Tramway and Montgomery in the Far NE Heights.

LOCATION OVERVIEW
The property features a large surface parking lot for customer convenience, prominent building and monument signage for maximum visibility, and multiple ingress/egress points for easy access. Positioned on the border of Albuquerque’s Northeast Heights and Far Northeast Heights, the property sits within one of the city’s most desirable trade areas, supported by dense residential neighborhoods and above average household incomes. With competitive lease rates and unmatched visibility along Montgomery Blvd, 12500 Montgomery Blvd NE provides retailers and service providers a strategic location to grow and succeed.

13 Spaces Available

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