Retail Space - For Sale
3621 Menaul Boulevard Northeast Albuquerque, NM 87110
Details & Description
Price: $11,250,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.000
  • Building Sq Ft 162,902
  • Building Price per Sq Ft $69.06
  • Land Price per Sq Ft $69.06
  • NOI $1,234,545
  • CAP Rate % 10.97
Total Building Size: +/- 162,902Purchase Price: $11,250,000 (69.06 / SF)Existing NOI: $1,234,545.44Property Highlights:• 4 prominent monument signs• 1 minute north of I-40• 7 access points into the shopping center• 4.2:1,000 parking ratio• Ground lease is paying $63,109.51 annually through 12/31/23• Buy a ground lease today and own a shopping center in the future• Current tenants include: Planet Fitness, Furniture City, The Mattress Firm, Savers, Eyemart Express, Pur Life, Livingston Hearing Aid Center, Beets Juice Bar and Sergio’s Hair Studio
Additional Photos
Listing Agents
Dave Hill
NAI Maestas & Ward
O: 505-998-1576
M: 505-238-6413
dave@sunvista.com
Debbie Harms
NAI Maestas & Ward
O: 505-998-1560
M: 505-998-1560
debbie@sunvista.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.

3621 Menaul Boulevard Northeast

Albuquerque, NM 87110

Listing ID: 232030
$11,250,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 0.000
  • Building Sq Ft 162,902
  • Building Price per Sq Ft $69.06
  • Land Price per Sq Ft $69.06
  • NOI $1,234,545
  • CAP Rate % 10.97
  • 3621 Menaul Boulevard Northeast Albuquerque, NM 87110 | for Sale | Photo 1
  • 3621 Menaul Boulevard Northeast Albuquerque, NM 87110 | for Sale | Photo 2
  • 3621 Menaul Boulevard Northeast Albuquerque, NM 87110 | for Sale | Photo 3
  • 3621 Menaul Boulevard Northeast Albuquerque, NM 87110 | for Sale | Photo 4
  • 3621 Menaul Boulevard Northeast Albuquerque, NM 87110 | for Sale | Photo 5
  • 3621 Menaul Boulevard Northeast Albuquerque, NM 87110 | for Sale | Photo 6
3621 Menaul Boulevard Northeast | for Sale | Thumbnail 1
3621 Menaul Boulevard Northeast | for Sale | Thumbnail 2
3621 Menaul Boulevard Northeast | for Sale | Thumbnail 3
3621 Menaul Boulevard Northeast | for Sale | Thumbnail 4
3621 Menaul Boulevard Northeast | for Sale | Thumbnail 5
3621 Menaul Boulevard Northeast | for Sale | Thumbnail 6
Description

Total Building Size: +/- 162,902

Purchase Price: $11,250,000 (69.06 / SF)

Existing NOI: $1,234,545.44

Property Highlights:

• 4 prominent monument signs

• 1 minute north of I-40

• 7 access points into the shopping center

• 4.2:1,000 parking ratio

• Ground lease is paying $63,109.51 annually through 12/31/23

• Buy a ground lease today and own a shopping center in the future

• Current tenants include: Planet Fitness, Furniture City, The Mattress Firm, Savers, Eyemart Express, Pur Life, Livingston Hearing Aid Center, Beets Juice Bar and Sergio’s Hair Studio

Attachments & Files

Listing Demographics for 3621 Menaul Boulevard Northeast Albuquerque, NM 87110

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 Population12,570104,246274,087
Population Median Age384040
Population by Age0-9 Yrs1592 (12%)9923 (9%)29827 (10%)
10-19 Yrs943 (7%)10974 (10%)30249 (11%)
20-29 Yrs2604 (20%)19425 (18%)44766 (16%)
30-39 Yrs2051 (16%)15830 (15%)39678 (14%)
40-49 Yrs1216 (9%)11711 (11%)31264 (11%)
50-59 Yrs1543 (12%)12827 (12%)34414 (12%)
60-69 Yrs1441 (11%)12042 (11%)32815 (11%)
70+ Yrs1180 (9%)11514 (11%)31074 (11%)
Median HH Income$38,874$42,249$43,670
Total Household Income< 24K1774 (32%)14593 (30%)35519 (29%)
25-49K1431 (26%)12285 (26%)30314 (25%)
50-74K806 (14%)7527 (15%)19396 (16%)
75-99K588 (10%)4658 (9%)12088 (10%)
100-199K562 (10%)6510 (13%)17125 (14%)
200K+231 (4%)1553 (3%)4201 (3%)
Highest Education LevelNo Diploma981672521843
Diploma or GED19531481042863
Some College20191755345359
Assoc. Degree556519614180
Bachelors Degree14021561437181
Higher Degree19621422032052
Total Housing Units5,83052,766132,794
--Owner-Occupied2,82721,52160,442
--Renter-Occupied2,56625,60558,201
Owner-Occupied Values< 100K42822526958
100-199K1111861124408
200-299K628623516986
300-399K29729667040
400-499K2367962636
500K+1266612413
Total Working Age Population10,40688,734227,108
In Work Force6,97056,478140,550
Not In Work Force3,43632,25786,558
Workforce Employed6,58552,742130,956
Workforce Unemployed3693,4578,429
Civlian Workforce6,95456,199139,384
Military Workforce162791,165
Total Households5,39347,126118,643
Family Households2,74221,51060,220
Non-Family Households2,65125,61658,423
Married Couple1,50512,76536,878
Other Family1,2378,74423,342
Married w/Child4204,08312,353
Single Male w/Child1361,1683,007
Single Female w/Child4753,0028,522

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) 5
Rick Husband Amarillo International Airport (AMA) 277
Lubbock Preston Smith International Airport (LBB) 290
Listing Agent
Listing Co-Agent
More listings from Dave Hill
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!
Signage
Ace Sign Co.
acesignco.com
217-522-8417
info@acesignco.com
Digital Media Services
HomeJab
homejab.com
855-226-8305
expert@homejab.com
Dumpster Service
National Waste Associates, LLC
nationalwaste.com
860-430-5000
info@nationalwaste.com
Office Supply
Office DEPOT
officedepot.com
800-GO-DEPOT
ecsupport@officedepot.com

Mold Contractor
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!
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!
Real Estate Attorney
Your Company Here
Your company could be listed here
Click for more info!
HVAC Contractor
Your Company Here
Your company could be listed here
Click for more info!
Private Lending
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!
Architecture Firm
Your Company Here
Your company could be listed here
Click for more info!

Share