Listed by Colliers - Albuquerque, New Mexico
$3,500,000
Calibers Strip Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 12,706
Cap Rate 8.49%
NOI $297,059
Tenancy Multi
Class A
Year Built 2014
Acreage 0.817
Zoning NR-C
Investment Type Stabilized
Ground Lease No
Calibers Retail Strip Center | Cutler Ave & Washington St
Marketing description
Colliers is proud to exclusively represent for sale Calibers Strip Center, a four tenant retail strip center located in the heart of Albuquerque's desirable Northeast Heights submarket. The property is well-positioned along I-40 in a high-traffic, high-density corridor.
Shadow anchored by national tenants such at Walmart Neighborhood Market, Crunch Fitness, Dollar Tree, and Old Navy. Calibers Strip Center has historically enjoyed strong occupancy with several original tenants still operating in the property. The center has been meticulously maintained and professionally managed with no deferred maintenance or additional capial expenditures required.
Investment highlights
- Prime retail location in the NE Heights
- Well-established center in busy trade area
- Visible from I-40 with over 198,100 VPD
- Class A construction and common area finishes
Listing Contacts
Listed by Colliers - Albuquerque, New Mexico
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,059.00
$24,754.92/mo
Valuation Metrics
0
DSCR
8.49%
Cap Rate
8.49%
ROI
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