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Two Tenant Building w/drive thru - 100% leased - $97,584 NOI (102nd & Central)

10120 Central Ave SW Albuquerque, NM 87121

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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

Investment
Retail
Land
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

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