Retail Space - For Sale
1601 Broadway Boulevard Southeast Albuquerque, NM 87102
Details & Description
Price: $689,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.500
  • Building Sq Ft 6,020
  • Building Price per Sq Ft $114.45
  • Land Sq Ft 21,780
  • Land Price per Sq Ft $31.63
San Jose Plaza1601 Broadway Blvd. SEAlbuquerque, NM 87102OFFERING SUMMARYPurchase Price: $689,000Price per SF: $114.45/SFNet Operating Income: $50,443Cap Rate: 7.32%Lease Type: Modified GrossINVESTMENT HIGHLIGHTS100% Occupied Retail Strip CenterStabilized asset with recently extended leases– Long tenured tenants– Cricket, Metro by T-Mobile, and the laundromat have each recently signed five-year extensionsBuilding Size: ± 6,020 SFLand Size: ± 0.48 acresLow, replaceable lease rates with annual rent increases– Tenants reimburse Landlord for utility chargesWell maintained property with recent large capital expenditures exceeding $100,000– New roof (2018)– Building paint (2018)– Parking lot overlay (2018)Diverse mix of tenantsUnderserved and growing trade areaStrategically located near the major intersection of Avenida Cesar Chavez & Broadway Blvd with over 54,000 Cars Per Day
Additional Photos
Listing Agents
Cole Flanagan

O: 505-338-4107
M: 505-235-7585
cole@firecre.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.

1601 Broadway Boulevard Southeast

Albuquerque, NM 87102

Listing ID: 231931
$689,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.500
  • Building Sq Ft 6,020
  • Building Price per Sq Ft $114.45
  • Land Sq Ft 21,780
  • Land Price per Sq Ft $31.63
  • 1601 Broadway Boulevard Southeast Albuquerque, NM 87102 | for Sale | Photo 1
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Description

San Jose Plaza

1601 Broadway Blvd. SE

Albuquerque, NM 87102

OFFERING SUMMARY

Purchase Price: $689,000

Price per SF: $114.45/SF

Net Operating Income: $50,443

Cap Rate: 7.32%

Lease Type: Modified Gross

INVESTMENT HIGHLIGHTS

100% Occupied Retail Strip Center

Stabilized asset with recently extended leases

– Long tenured tenants

– Cricket, Metro by T-Mobile, and the laundromat have each recently signed five-year extensions

Building Size: ± 6,020 SF

Land Size: ± 0.48 acres

Low, replaceable lease rates with annual rent increases

– Tenants reimburse Landlord for utility charges

Well maintained property with recent large capital expenditures exceeding $100,000

– New roof (2018)

– Building paint (2018)

– Parking lot overlay (2018)

Diverse mix of tenants

Underserved and growing trade area

Strategically located near the major intersection of Avenida Cesar Chavez & Broadway Blvd with over 54,000 Cars Per Day

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Albuquerque History of Retail Space for Sale

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Albuquerque Area Market Trends

Listing Demographics for 1601 Broadway Boulevard Southeast Albuquerque, NM 87102

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 Population9,14978,994220,385
Population Median Age383838
Population by Age0-9 Yrs876 (9%)8121 (10%)26232 (11%)
10-19 Yrs1151 (12%)9494 (12%)28007 (12%)
20-29 Yrs1647 (18%)14855 (18%)37540 (17%)
30-39 Yrs1476 (16%)11587 (14%)31579 (14%)
40-49 Yrs1112 (12%)9410 (11%)25602 (11%)
50-59 Yrs1280 (13%)9963 (12%)27482 (12%)
60-69 Yrs940 (10%)8164 (10%)23649 (10%)
70+ Yrs666 (7%)7399 (9%)20293 (9%)
Median HH Income$30,438$35,585$38,172
Total Household Income< 24K1570 (42%)12345 (36%)30037 (33%)
25-49K1220 (32%)8537 (25%)23779 (26%)
50-74K485 (13%)5003 (14%)14316 (16%)
75-99K258 (6%)3059 (9%)8517 (9%)
100-199K154 (4%)3658 (10%)10075 (11%)
200K+25 (0%)981 (2%)2367 (2%)
Highest Education LevelNo Diploma21011007925436
Diploma or GED17861259039998
Some College1057955131277
Assoc. Degree561368510015
Bachelors Degree618936922779
Higher Degree406888319089
Total Housing Units4,26738,46099,394
--Owner-Occupied1,80915,88846,764
--Renter-Occupied1,90417,69642,325
Owner-Occupied Values< 100K64529377351
100-199K985665423711
200-299K12832138626
300-399K2218333720
400-499K106631654
500K+205881702
Total Working Age Population7,54265,807178,218
In Work Force4,62040,548110,079
Not In Work Force2,92225,26068,139
Workforce Employed4,24937,653102,553
Workforce Unemployed3672,7136,895
Civlian Workforce4,61640,366109,447
Military Workforce5182631
Total Households3,71333,58489,090
Family Households1,77015,51346,580
Non-Family Households1,94318,07142,510
Married Couple8978,80626,527
Other Family8736,70620,053
Married w/Child3132,8349,681
Single Male w/Child1348972,614
Single Female w/Child3312,6287,610

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

Total Working Age Population:

Total Households:

Total Working Age Population:

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Total Working Age Population:

Total Households:

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.

Closest Commercial Airports
Airport Distance (mi)
Albuquerque International Sunport / Kirtland Air Force Base (ABQ) 3
Rick Husband Amarillo International Airport (AMA) 279
Lubbock Preston Smith International Airport (LBB) 292
Listing Agent
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