1415 Eubank BlvdAlbuquerque, NM 87112

For Sale
$3,850,000

Prime Albuquerque Shopping Center, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
93
Eubank Plaza, located at 1415 Eubank Blvd NE, Albuquerque, NM 87112, presents a compelling investment opportunity. This well-established 29,453 square foot shopping center sits on a 2.02-acre lot and features 19 units, currently leased under NNN terms. The property boasts a desirable location in Albuquerque's Northeast Heights, benefiting from high traffic volume—35,000 vehicles per day on the Wyoming Blvd going-home side. Three convenient access points on Wyoming Blvd ensure excellent visibility and accessibility for customers. Ample customer parking is available. The center is zoned MX-L, and its current tenants include several long-term occupants, many with over 20 years of operation. The asking price is $3,850,000, translating to $130 per square foot. Below-market rents offer significant potential for rental increases and enhanced cash flow, making this a strong value-add proposition. Monument signage is available, providing excellent branding opportunities for tenants. This established center offers a stable income stream with considerable upside potential in a high-demand location.

Highlights

  • Eubank Plaza, a 29,453 SF neighborhood retail center in Albuquerque's Northeast Heights, is offered for sale.
  • The property sits on a 2.02-acre lot with 19 units, all leased on NNN terms.
  • Located on Eubank Blvd NE, the center benefits from high traffic counts (35,000 vehicles daily) and three convenient access points.
  • The center features ample parking and monument signage opportunities, with below-market rents offering significant upside potential.
  • Priced at $3,850,000 ($130/SF), this established center boasts long-term tenants and strong cash flow.

Property Details for 1415 Eubank Blvd

Property type
Lifestyle centers, Power centers
Square Feet
29,453 SF
Lot Size (sq. ft)
87,991 SF
Units
19

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.095467990305
Longitude
-106.53303145852
1415 Eubank Blvd, Albuquerque, New Mexico

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1415 Eubank Blvd
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