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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
Cap Rate
7.5%
Building Size
6,000 SF
Acres
1.277 ac
Zoning
NR-C
Net Operating Income
$97,584
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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