Central Plaza Shopping Center
90% leased neighborhood strip center under $110/SF!
Marketing description
Central Plaza is a high-profile shopping center located on Central Ave near Louisiana Blvd. in Albuquerque, NM. The property has an excellent tenant mix including anchor tenant Terry’s Mini Mart, Central Laundry, and Michoacán Heladeria (ice cream and snack shop). The center offers great visibility from the street along with excellent monument signage visible to both east and west bound traffic.
Located in a dense urban neighborhood, the location is ideal for an investor to acquire a well maintained and updated retail building in the Albuquerque area. Located in close proximity to many amenities and just 1 mile from I-40, the property offers a stabilized investment with rent growth and upside potential. In 2017 – 2018 the property underwent significant upgrades including a new TPO roof, New Parking lot, LED lighting and new HVAC units for most units.
A cell tower operator is presently in their due diligence period of their lease and obtaining permits to install a cell tower at the SWC of the Property.
Investment highlights
•Large Property with Room to Expand
•New TPO Roof & Parking Lot in 2018
•LED Exterior Lighting
•Full Turn Access off Central Ave
•+/- 23,400 VPD
•Abundant Parking
Cell Tower Ground Lease in Process
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