2 tenant building for sale @ Menaul/San Pedro w/$133,800 NOI.
5811-5815 Menaul Blvd NE Albuquerque, NM 87110
![](https://storage.googleapis.com/resimplifi-associate/carnm/images/09b722e2/retail-bldg-for-sale-woptional-tenant-income-012f8dc7.webp)
Overview
Exterior of the building has been freshened up with facade renovation including new roof. Located in great ara on the edge of the Uptown district surrounded by national retailers (including a recent tear down/rebuild McDonalds across the street) with 23,700 vehicles per day on Menaul plus 9,600 vehicles per day on San Pedro. Easy property management with only a two tenant building. 5811 suite is a 3,085+- SF occupied by banquet hall tenant and suite 5815 is a 4,339+- SF occupied by National Jewelry Buyers for the past 12 years. Each suite has a dedicated monument sign on Menaul Blvd as well as individually metered electric/gas services. Purchase $133,800 NOI for $1,699,000 (7.85% cap and leases have escalators).
For Sale
- Sale Price
- $1,699,000
- Price Per SF
- $228.9/SF
- Building Size
- 7,424 SF
- Acres
- 0.43 ac
- Zoning
- MX-M
- Building Class
- B
- Number Of Buildings
- 1
- Floors
- 1
- Year Renovated
- 2023
- Construction Type
- Masonry
- Parking Spaces
- 31
- Submarket
- Northeast Heights
- Nearest MSA
- Albuquerque
- Property Status
- Existing
- County
- Bernalillo
- Created
- 2023-12-06
- Updated
- 2024-10-29
- Listing ID
- 09b722e2
- Parcel APN
- 101805922227420503