Retail Space - For Sale
6300 Central Avenue Southeast Albuquerque, NM 87108
Details & Description
Price: $1,450,000
  • Property Type Retail for Sale : Gas/Convenience
  • Lot Size Acres 0.700
  • Building Sq Ft 2,984
  • Building Price per Sq Ft $485.92
  • Land Sq Ft 30,491
  • Land Price per Sq Ft $47.56
Circle K6300 Central Ave. SEAlbuquerque, NM 87108OFFERING SUMMARYPurchase Price: $1,450,000NOI: $92,944*Cap Rate: 6.41%**Lease Type: Absolute NNN*Increases to $97,591 on 1/1/2022**Increases to 6.73% Cap Rate after increase on 1/1/2022INVESTMENT HIGHLIGHTSSingle-Tenant Absolute Net-Lease Circle KCorporate Guaranty (Alimentation Couche-Tard, Inc.)Over 2.5 years of lease term remaining through December 31, 2023– Tenant has operated at this location since 2006Building size: ±2,984 SFLand size: ±0.65 acresStrong real estate fundamentals– Hard corner, signalized intersection– Located across the street from the Downs Racetrack and Casino and the State Fairgrounds– This location sells alcohol (high barrier to entry and very desirable)Significant traffic counts on Central Ave.– Traffic counts exceed 28,800 cars per day on Central Ave.– Traffic counts exceed 15,200 cars per day on San Pedro Dr.Dense, in-fill retail corridor– Neighboring tenants include Sonic, Mister Car Wash, and AutoZone among many others– Population exceeds 113,000 within a 3-mile radius
Additional Photos
Listing Agents
Cole Flanagan
NAI Maestas & Ward
O: 505-338-4107
M: 505-235-7585
cole@iparealty.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

6300 Central Avenue Southeast

Albuquerque, NM 87108

Listing ID: 231916
$1,450,000
For Sale
  • Property Type Retail for Sale : Gas/Convenience
  • Lot Size Acres 0.700
  • Building Sq Ft 2,984
  • Building Price per Sq Ft $485.92
  • Land Sq Ft 30,491
  • Land Price per Sq Ft $47.56
  • 6300 Central Avenue Southeast Albuquerque, NM 87108 | for Sale | Photo 1
  • 6300 Central Avenue Southeast Albuquerque, NM 87108 | for Sale | Photo 2
  • 6300 Central Avenue Southeast Albuquerque, NM 87108 | for Sale | Photo 3
  • 6300 Central Avenue Southeast Albuquerque, NM 87108 | for Sale | Photo 4
  • 6300 Central Avenue Southeast Albuquerque, NM 87108 | for Sale | Photo 5
  • 6300 Central Avenue Southeast Albuquerque, NM 87108 | for Sale | Photo 6
6300 Central Avenue Southeast | for Sale | Thumbnail 1
6300 Central Avenue Southeast | for Sale | Thumbnail 2
6300 Central Avenue Southeast | for Sale | Thumbnail 3
6300 Central Avenue Southeast | for Sale | Thumbnail 4
6300 Central Avenue Southeast | for Sale | Thumbnail 5
6300 Central Avenue Southeast | for Sale | Thumbnail 6
Description

Circle K

6300 Central Ave. SE

Albuquerque, NM 87108

OFFERING SUMMARY

Purchase Price: $1,450,000

NOI: $92,944*

Cap Rate: 6.41%**

Lease Type: Absolute NNN

*Increases to $97,591 on 1/1/2022

**Increases to 6.73% Cap Rate after increase on 1/1/2022

INVESTMENT HIGHLIGHTS

Single-Tenant Absolute Net-Lease Circle K

Corporate Guaranty (Alimentation Couche-Tard, Inc.)

Over 2.5 years of lease term remaining through December 31, 2023

– Tenant has operated at this location since 2006

Building size: ±2,984 SF

Land size: ±0.65 acres

Strong real estate fundamentals

– Hard corner, signalized intersection

– Located across the street from the Downs Racetrack and Casino and the State Fairgrounds

– This location sells alcohol (high barrier to entry and very desirable)

Significant traffic counts on Central Ave.

– Traffic counts exceed 28,800 cars per day on Central Ave.

– Traffic counts exceed 15,200 cars per day on San Pedro Dr.

Dense, in-fill retail corridor

– Neighboring tenants include Sonic, Mister Car Wash, and AutoZone among many others

– Population exceeds 113,000 within a 3-mile radius

Attachments & Files

Listing Demographics for 6300 Central Avenue Southeast Albuquerque, NM 87108

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population18,871108,661252,006
Population Median Age383839
Population by Age0-9 Yrs2507 (13%)12441 (11%)28150 (11%)
10-19 Yrs2054 (10%)12581 (11%)28930 (11%)
20-29 Yrs3030 (16%)18974 (17%)41726 (16%)
30-39 Yrs3040 (16%)16259 (14%)38173 (15%)
40-49 Yrs1999 (10%)12744 (11%)28718 (11%)
50-59 Yrs2423 (12%)12636 (11%)30952 (12%)
60-69 Yrs2084 (11%)12245 (11%)28312 (11%)
70+ Yrs1734 (9%)10780 (9%)27046 (10%)
Median HH Income$29,519$39,847$41,839
Total Household Income< 24K3759 (43%)15474 (32%)33498 (30%)
25-49K2690 (30%)13010 (27%)28839 (26%)
50-74K1138 (13%)7326 (15%)17366 (16%)
75-99K522 (5%)4529 (9%)10732 (9%)
100-199K514 (5%)5671 (11%)14511 (13%)
200K+99 (1%)1361 (2%)3284 (3%)
Highest Education LevelNo Diploma2273831220374
Diploma or GED33601615739559
Some College33871725041767
Assoc. Degree838558114182
Bachelors Degree18311453033164
Higher Degree13311272326864
Total Housing Units9,82353,072121,162
--Owner-Occupied2,78721,24252,051
--Renter-Occupied5,93426,12856,179
Owner-Occupied Values< 100K27422075791
100-199K1820984023780
200-299K527562114588
300-399K10822715414
400-499K227371436
500K+375651042
Total Working Age Population15,18189,295207,081
In Work Force8,94155,547129,236
Not In Work Force6,24033,74877,845
Workforce Employed8,17551,164119,888
Workforce Unemployed7483,3877,827
Civlian Workforce8,92354,551127,714
Military Workforce189961,521
Total Households8,72147,371108,230
Family Households3,55822,65954,136
Non-Family Households5,16424,71254,094
Married Couple1,67513,34432,469
Other Family1,8829,31521,667
Married w/Child6994,69411,265
Single Male w/Child2491,2302,936
Single Female w/Child7893,7308,172

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New Mexico1,819,046+132,059,179+62,187,183+62,308,475
Bernalillo County556,678+19662,564+8715,115+7763,571

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Albuquerque International Sunport / Kirtland Air Force Base (ABQ) 3
Rick Husband Amarillo International Airport (AMA) 275
Lubbock Preston Smith International Airport (LBB) 288
Listing Agent
More listings from Cole Flanagan
Featured Local Vendors
• • YOUR COMPANY HERE • •
Your company could be listed on all properties like this one, in/near your city.
Click for more info!
Office Supply
Office DEPOT
officedepot.com
800-GO-DEPOT
ecsupport@officedepot.com
Dumpster Service
National Waste Associates, LLC
nationalwaste.com
860-430-5000
info@nationalwaste.com
Digital Media Services
HomeJab
homejab.com
855-226-8305
expert@homejab.com
Signage
Ace Sign Co.
acesignco.com
217-522-8417
info@acesignco.com

Mold Contractor
Your Company Here
Your company could be listed here
Click for more info!
Appraisal Company
Your Company Here
Your company could be listed here
Click for more info!
Environmental Studies
Your Company Here
Your company could be listed here
Click for more info!
Property Management
Your Company Here
Your company could be listed here
Click for more info!
Roofing Contractor
Your Company Here
Your company could be listed here
Click for more info!
Real Estate Attorney
Your Company Here
Your company could be listed here
Click for more info!
Commercial Surveying
Your Company Here
Your company could be listed here
Click for more info!
Title Company
Your Company Here
Your company could be listed here
Click for more info!
Electrical Contractor
Your Company Here
Your company could be listed here
Click for more info!

Share