Fidelity Investments

Highlights:

• Corporate Executed Lease / S&P Credit: A+
• New Long Term / 10-Year NNN Lease plus Option to Extend Term 10 years
• 2% Annual Rental Increases During Initial Term and Option Period
• Part of Winrock Town Center / New Pad Building Fronting Louisiana Blvd. and Dillard’s / Strategically Located Adjacent to Target & Albuquerque Uptown
• High Density & Strong Trade Area Demographics / Over 1-Million people within 50 Mile Tarde Area / Over $80,000 AHHI
• New Construction 2024 & Warranties for the investor / Heavy Traffic - Over 160,000 VPD I-40 Fwy & 64,000 VPD Louisiana St

Description:

Faris Lee Investments is pleased to present a rare opportunity to acquire the fee simple interest in a brand new, Corporate Executed, single tenant NNN leased Fidelity Investments. New 2024 construction with roof warranty passed onto the buyer. Located as an out-parcel pad building to the 83 acre open-air mixed-use development Winrock Town Center in Albuquerque, New Mexico. The Fidelity lease features a new long term 10 year lease with another 10 year option to extend the term for a potential of 20 years of total term, which provides the investor long term security & stability. In addition, the lease features 2% annual rental increases which increases the return on investment and hedges against inflation. The lease structure is NNN with the expenses of property taxes, insurance & common area maintenance passed onto the tenant.

Fidelity Investments: Privately owned by FMR LLC (S&P Rating A+) serves over 43 million American investors and 23,000 businesses with an array of financial services, while providing clients with 13 regional sites and more than 200 investor centers throughout the country. Since their founding in 1946, Fidelity has accumulated over $11.7 trillion in assets.

Fidelity Investments is relocating out of the renowned ABQ Uptown to Winrock Town Center as a newly built pad building fronting Louisiana Blvd. and Dillard’s. Furthermore, Fidelity is strategically located adjacent to Target and ABQ Uptown where the only Apple Store in the State of New Mexico exists. Winrock Town Center is an 83 acre open-air mixed-use development designed to combine retail, entertainment, office, hospitality, medical and a 2.5 acre park. There is approximately 780,000 square feet of retail space with 2 Dillard’s, 16-screen Regal Theatre, restaurants & shops. Winrock is the gateway to Albuquerque’s Uptown District, the premier retail, office, medical & residential sector which includes approximately 1 million square feet of office space and 2,000 residential units. The subject property is located along the heavy traffic retail corridor at the (I-40) Freeway (160,000 VPD) at Louisiana Blvd. (64,000 VPD) with high density & strong trade area demographics. Over 820,000 people, Over 297,000 daytime employees & Over $81,000 AHHI within 20 miles.
The city of Albuquerque is the largest city in New Mexico. Albuquerque is home to numerous businesses and attractions including the University of New Mexico, Kirtland Airforce Base, Sandia National Laboratories, the Albuquerque Museum, the National Hispanic Cultural Center, and the Albuquerque International Balloon Fiesta.