5700 San Antonio DrAlbuquerque, NM 87109

For Sale
$3,300,000

High-Yield Retail Investment, Albuquerque, NM

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A shopping center, San Antonio Commons, presents a compelling investment opportunity in Albuquerque, New Mexico. The property boasts 14,740 square feet across two contemporary, single-story buildings, each less than 10 years old, situated on a 1.72-acre lot. Currently housing five retail units, the center enjoys a strong 7.50% capitalization rate and a substantial net operating income (NOI) of $246,645, with an asking price of $3,300,000 ($223.88/sq ft). The property benefits from a stable rent roll and market-competitive lease rates, ensuring consistent cash flow. Its convenient location at 5700 San Antonio Dr NE, Albuquerque, NM 87109, provides excellent accessibility for tenants and customers. The surrounding area demonstrates robust economic indicators, including an average household income exceeding $105,340 within a five-mile radius and low retail vacancy rates (under 3% for comparable spaces). Annual foot traffic is impressive, with 133,000 visits from 52,300 unique visitors. The property is zoned MX-M, offering flexibility for future development. This is a rare opportunity to acquire a high-performing retail asset in a thriving Albuquerque market.

Highlights

  • Class A, 14,740 SF shopping center in Albuquerque, NM.
  • Two single-story buildings, each under 10 years old, on a 1.72-acre lot.
  • Five retail units, 7.50% cap rate, $246,645 NOI, $3,300,000 asking price ($223.88/SF).
  • Stable rent roll, market-competitive leases, strong cash flow.
  • Excellent location at 5700 San Antonio Dr NE, Albuquerque, NM 87109, with high household income and low vacancy rates in the area.
  • High annual foot traffic (133,000 visits from 52,300 unique visitors) and MX-M zoning.

Property Details for 5700 San Antonio Dr

Property type
Lifestyle centers, Power centers
Square Feet
14,740 SF
Class
A
Buildings
2
Stories
1
Lot Size (sq. ft)
74,923 SF
Units
5

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.159421935727
Longitude
-106.58069593513
5700 San Antonio Dr, Albuquerque, New Mexico

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5700 San Antonio Dr
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