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8006 MENAUL BLVD NE, ALBUQUERQUE, NM 87110-4608

Absolute Investment Realty LLC
Listed by Absolute Investment Realty LLC
$649,120
34 days on market
Updated 34 days ago

8006 MENAUL BLVD NE ALBUQUERQUE NM 87110-4608

Details
APN 101905940425543117
Property Type Office, Mixed Use
Sub Type Medical Office
Square Footage 2,595
Units 1
Cap Rate 7.5%
NOI $48,684
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Price per SqFt $250
Year Built 1981
Lot Size (SqFt) 8,064
Zoning MX-T
Investment Type Net Lease
Ground Lease No

Net Leased Medical Investment 100% Leased

Marketing description

Absolute Investment Realty is pleased to present this opportunity to acquire a rare, single-tenant net leased medical investment property located in the highly desirable city of Albuquerque, New Mexico. Albuquerque is a vibrant destination known for its rich culture, scenic desert landscapes, and its growing tech sector which includes a strong military and aerospace presence.

The property is located on Menaul Boulevard, a central Albuquerque corridor with strong commercial activity and accessibility. Net leased investment real estate is limited, making this an attractive opportunity for investors seeking a well-positioned asset in a highly desirable location.

With continuous growth in Albuquerque and New Mexico as a whole, this established net leased medical property, makes it a great long-term investment opportunity.

The owner has multiple other locations available for sale in Eugene Oregon and throughout New Mexico, inquire with Broker for more information.

Investment highlights

3.00% Annual Rent Escalations

Single Tenant

100% Leased

10 Year Modified NNN

Dense Trade Area

Multiple Locations throughout the SW

Listing Contacts

Absolute Investment Realty LLC
Listed by Absolute Investment Realty LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$48,684.00
$4,057.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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