Two Tenant Net Leased Investment Opportunity

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    For Sale $2,567,778
    Retail
    Description

    Two tenant Net Leased Investment Opportunity

    Retail - New Mexico

    Premier Investment Opportunity in Albuquerque, NM

    We are thrilled to present a stellar investment opportunity in the heart of Albuquerque, New Mexico, at 2700-2706 Carlisle NE. This exclusive offering consists of a two-tenant property, fully leased to T-Mobile and Red Wing Shoes, both of which are anchored by a performance-driven lease structure ensuring long-term stability and profitability for the savvy investor.

    Key Investment Highlights:

    1. Strategic Location: Situated along Carlisle Boulevard, the property boasts significant visibility and access, benefiting from a daily traffic count of over 25,930 vehicles. Its proximity to the top-performing Super Walmart in New Mexico and the University of New Mexico enhances its appeal, drawing both regular foot traffic and potential customers from the student population.
    2. Robust Tenant Mix: Featuring national tenants T-Mobile and Red Wing Shoes, both with NNN leases, ensuring minimal landlord responsibilities and stable cash flow. With both leases extending through April 2027 and options for renewal, investors are guaranteed a secure income stream.
    3. Attractive Financials: Offered at a list price of $2,567,778 with a cap rate of 6.75%, the property generates annual rents of $173,325, reflecting a solid return on investment. The 4,788 SF building area is optimally utilized, providing efficient space for both tenants.

    Tenant Profiles:

    1. T-Mobile: A leading telecommunications company, offering a stable and growing revenue source with a lease extending through April 2027, including options for further extension.
    2. Red Wing Shoes: A reputed footwear retailer, known for its quality products and loyal customer base, also committed to a long-term lease with renewal options.

    Investment Highlights:

    • List Price: $2,567,778
    • Cap Rate: 6.75%
    • Annual Rents: $173,325
    • Building Area: 4,820 SF
    • Traffic: Carlisle Boulevard sees 25,930 vehicles per day (VPD).

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    BROKER INFORMATION

    Michael Douglas
    (480) 977-2935
    michael.douglas@investingincre.com

     


    About ICRE Investment Team

    ICRE Investment Team is an investment team within ORION Investment Real Estate, that specializes in office, retail, medical, industrial and investment properties in Phoenix Arizona. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, ICRE Investment Team

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