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33543642
33543641

1300 Wyoming Blvd. NE, Albuquerque, NM 87112

Absolute Investment Realty LLC
Absolute Investment Realty LLC
Listed by Absolute Investment Realty LLC
$1,196,400
1 day on market
Updated 1 day ago

1300 Wyoming Blvd. NE

Details
Property Type Office
Sub Type Medical Office
Square Footage 2,844
Cap Rate 7.00%
NOI $86,738
Tenancy Single
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Buildings 1
Acreage 0.350
Zoning Mixed-Used Moderate Intensity
Investment Type Net Lease
Lease Commencement 01/01/2025

Office | 7.00% CAP | 2,844 SqFt

Marketing description

Absolute Investment Realty has been selected as the exclusive representative for the sale of this attractive single tenant NNN leased medical office building located in Albuquerque, NM on Wyoming Blvd, one of the city's major high traffic trade corridors.

Albuquerque is known for its rich mix of Native American, Hispanic, and Anglo cultures, which shape its arts and cuisine, while also playing a key role in science and research through institutions like Sandia National Laboratories.

The property is a stand-alone building within an established commercial corridor, offering strong visibility and accessibility along Wyoming Boulevard. The surrounding area features a mix of retail, dining, and service-oriented businesses, with several neighborhood shopping centers and major retailers located within close proximity, contributing to steady traffic and local convenience.

Investment highlights

  • 3.00% Annual Rent Escalations
  • Net Leased Medical
  • Modified NNN (Minor Landlord Responsibilities)
  • 10 Year Initial Term (Allevio Care LLC)
  • Term Commenced Jan 1, 2025
  • Strong National Credit Tenant
  • Allevio Care has Multiple Locations throughout Southwest

Listing Contacts

Absolute Investment Realty LLC
Absolute Investment Realty LLC
Listed by Absolute Investment Realty LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,738.00
$7,228.17/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Rita Cordova
License
50862
Brokerage Phone
5054898538
Title
NM
Brokerage Address
131 Madison Street Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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