American Square Shopping Center
3301 Menaul Blvd NE Albuquerque, NM 87107
Overview
Colliers is pleased to bring to market American Square, a World Market and National Furniture Liquidators anchored regional shopping center. The Property contains 22 separate retail suites totaling 93,582 SF of high quality retail space. The property is situated on 9.58 AC of MX-M zoned commercial land located on Menaul Blvd NE just west of the intersection of Carlisle Blvd NE.
• Centrally Located near the Big I interchange of I-25 and I-40.
• Significant upside in the development of new retail pads in the existing parking field along Menaul Blvd. and the currently undeveloped 21,000 SF vacant lot at the northeast corner of the shopping center.
• Good ingress and egress with two full access points, two right-in access points, and cross access/cross parking with the adjacent center.
For Sale
Secondary Uses: Strip Center
- Sale Price
- $10,800,000
- Price Per SF
- $115.4/SF
- Investment
- Yes
- Cap Rate
- 7.67%
- Net Operating Income
- $828,838
- Building Size
- 93,582 SF
- Acres
- 9.58 ac
- Zoning
- MX-M
- Zoning Description
- Moderate Intensity
- Building Name
- American Square Shopping Center
- Floors
- 1
- Year Built
- 1991
- Submarket
- North I-25
- Property Use Type
- Investment
- Property Status
- Existing
- County
- Bernalillo
- Created
- 2025-01-13
- Updated
- 2025-01-13
- Listing ID
- 8ac1f29a
- Parcel APN
- 101605943030710910