Two Tenant Building w/drive thru - 100% leased - $97,584 NOI (102nd & Central)
10120 Central Ave SW Albuquerque, NM 87121
![](https://storage.googleapis.com/resimplifi-associate/carnm/images/9c7a1bdf/10120-central-ave-sw-5fceeb38.webp)
Overview
Located on Central Ave SW just West of 98th Street. 100% leased, two tenant building (Daycare and Mexican Restaurant) on long term (expirations 2029 and beyong) NNN leases. Current NOI is $97,584 with increases annually. Suite A and B is Arturos Mexican Restaurant and Paleta Bar with a drive thru. Suite C is Pequenos Sonadores Daycare with a playground in back. Also available (for an additional cost) are x4 vacant lots to the South at 34,388+- SF each. Great opportunity to own income producing property in desirable area (lots of new construction around). --- Purchase the existing income producing 6,000+- SF commercial buildin on 1.27+- acres at a 7.5% cap for $1,300,000. --- Purchase the x4 vacant lots totaling 3.157+- acres for $1,000,000 (or the lots can be purchased individually for $250,000 to $300,000).
For Sale
- Sale Price
- $1,300,000
- Price Per SF
- $216.7/SF
- Investment
- Yes
- Cap Rate
- 7.5%
- Net Operating Income
- $97,584
- Building Size
- 6,000 SF
- Acres
- 1.277 ac
- Zoning
- NR-C
- Building Name
- 10120 Central SW
- Floors
- 1
- Parking Spaces
- 43
- Submarket
- West Mesa
- Property Use Type
- Net Leased (NNN)
- Property Status
- Existing
- Average Occupancy Rate
- 100
- Has Drive Thru
- Yes
- Adjacent Parcels Available
- Yes
- County
- Bernalillo
- Created
- 2024-08-14
- Updated
- 2024-08-14
- Listing ID
- 9c7a1bdf
- Parcel APN
- 100805651844210601