6015 4th St NW - New Single Tenant (T-Mobile) - NNN 10-Year Term

Retail-Commercial for Sale
Catylist Listing ID: 30189066
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 2,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.35 Acres
Sale Price: $1,975,000
Unit Price: $705.36 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 6015 4th St
Sale Terms: Cash to Seller
Cap Rate: 5.62%
Average Occupancy Rate: 100
Last Updated: 12/7/2018

Overview / Comments

NEW - Free Standing Building

PROPERTY HIGHLIGHTS
- Hard Corner Property on 4th Street and Guadalupe
- Brand New 10 Year NNN Lease - Commencing June 1, 2018
- Rent scheduled to commence in June
- New Construction
- Opened Spring 2018
- Rental Increases 10% every 5 years
- Two (2) Five (5) year options
- New Signage
- Great Visibility
- Highly Trafficked area

Current Tenants

Tenant Business Name T-Mobile
Is Renting? Yes

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: ABQ48440
Zoning: C-2 - Community Commercial Zone
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Guadalupe Trail & Gavilan Place NW
Property Visibility: Excellent
Largest Nearby Street: 4th Street
Feet of Frontage: 92
Traffic/Vehicle Count: 22,800
Highway Access: Interstate 25 & Interstate 40
Airports: Albuquerque International
Site Description: Located at the SWC of the signalized intersection of 4th Street & Guadalupe Trail NW.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,800 SF
Property Condition: Excellent
Year Built: 2018
Roof Type: Flat
Parking Type: Surface
Lot Frontage: 92
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Whistle Development LLC
Legal Description: LTS 38 THRU 41 BLK 1 OF GAVILAN ADDITION CONT .3150 +/- AC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,297 86,080 303,733
Median Age: 42.67 38.32 37.12
Households: 3,848 36,123 128,393
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.