Fourth & Menaul Marketplace

Shopping Center for Sale
Sale Pending
Also listed as Industrial
Catylist Listing ID: 30729278
Property Subtypes: Mixed Use, Regional Mall
Status: Pending
Building Size (RSF): 106,331 SF
Gross Land Area: 8.90 Acres
Sale Price: $8,684,000
Unit Price: $81.67 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 4th & Menaul Marketplace
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 12/3/2021

Overview / Comments

SVN/WACB, Inc. is pleased to offer for sale an incredible mixed use retail and industrial property located at 300 Menaul Blvd. Known as the Fourth & Menaul MARKETPLACE.
The Center's approximate 106,311 sf is made up of retail and an industrial component of spaces.
Stabalized cash flow, along with a strong mix of Nationial, Regional and local tenants including Dollar Tree, The UPS Store, Sally Beauty and Jen's Self Storage, along with long tenured local tenants.
All Leases are NNN!
Strong upside potential, including three conceptual pad sites, one with drive thru, that meet all City Parking requirements for approval and access.
New updates that include LED exterior lighting, monument signage, resurfaced paving , striping and composit side walk treatments.
Ample paved parking serve the retail center and unique industrial spaces accent the East portion of the building with excellent access to I-40, I-25 and the Big I.
Zoned MX-M & NR-LM
92% Occupied
NOI $651,271.00
7.5% CAP Rate.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 101505900228331114
Zoning: OTHER
Retail Clientele: Business
Property Located Between: Menaul & 4th Street
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,846 111,373 327,054
Median Age: 35.42 36.54 36.22
Households: 3,097 49,155 136,197

Contact

Photograph of Listing Agent

Paul E Cook

SVN - Walt Arnold Commercial Brokerage, Inc.
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.