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5401 Central Ave NW
5401 Central Ave NW Albuquerque, NM 87105
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Overview
Colliers is pleased to bring to market Central Plaza at 5401 Central Ave NW, a neighborhood retail strip center located on Albuquerque’s historic Route 66 . The property is excellently positioned on a major arterial in a high-traffic, high-density area with three immediate access points, excellent visibility, ample parking and pylon signage. This stabilized asset has significant value add potential with a current tenant mixture of national and local retailers. Full Offering Memorandum available upon execution of Confidentiality Agreement.
- Stabilized neighborhood shopping center
- Currently 100% leased
- Value add opportunity with below market rents
- Below replacement cost
- Ideal 1031 property
- Located on major Albuquerque arterial
- Excellent visibility, access and pylon signage
Attachments
For Sale
Retail
Investment
Secondary Uses: Strip Center
- Sale Price
- $2,535,228
- Price Per SF
- $111.3/SF
- Investment
- Yes
- Cap Rate
- 8.5%
- Net Operating Income
- $215,494
- Building Size
- 22,773 SF
- Acres
- 1.9098 ac
- Zoning
- MX-M
- Zoning Description
- Moderate Intensity
- Building Name
- Central Plaza
- Floors
- 1
- Year Built
- 1974
- Parking Spaces
- 126
- Submarket
- West Mesa
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 100
- County
- Bernalillo
- Created
- 2024-09-10
- Updated
- 2025-01-02
- Listing ID
- dc6ed502
- Parcel APN
- 101105735537011403