121 Eubank BlvdAlbuquerque, NM 87123

For Sale
$1,167,360

High-yield, multi-tenant storefront.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Albuquerque investment opportunity presents a fully occupied, 5,500 square foot retail storefront with three tenants under NNN leases. Boasting a 10% cap rate and a $1,167,360 asking price ($212.25/sq ft), this stabilized property offers significant returns. Located at 121 Eubank Blvd NE, the single-story building, constructed in 1984 and extensively renovated in 2022, sits on a 0.33-acre lot zoned MX-L. The property benefits from high visibility and substantial traffic, with approximately 30,000 vehicles passing daily. All leases include 3% annual rent bumps, ensuring consistent income growth. The current Net Operating Income (NOI) is $116,736, with 100% occupancy since May 1, 2024. Over $300,000 in capital improvements have been made, enhancing the property's value and appeal. This fee-simple ownership offers long-term stability and a secure investment with strong, established tenants and long-term lease options. The property's prime location and substantial improvements make this a compelling investment opportunity in the thriving Northeast Albuquerque market.

Highlights

  • Prime Albuquerque retail investment opportunity with a 10% cap rate.
  • Located in a high-traffic area of Northeast Albuquerque, with approximately 30,000 vehicles passing daily.
  • Fully occupied 5,500 SF retail building with three established tenants under NNN leases.
  • Over $300,000 in recent capital improvements.
  • Long-term leases with annual rent escalations of 3%.

Property Details for 121 Eubank Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
5,500 SF
Year Built/Renovated
1984/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.073612
Longitude
-106.5328815
121 Eubank Blvd, Albuquerque, New Mexico

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121 Eubank Blvd
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