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Eubank Crossing | Albuquerque, NM

425 Eubank Blvd., Albuquerque, NM 87123

Eubank Crossing

Description

 

Four Unit Strip Center - Across from Wal-mart and Sam Club. A+ Location; Low Rents; Just off I-40 - Major Traffic Thoroughfare. Fully stabilized, recently renovated four-tenant retail building that is situated across the street from a Walmart Supercenter, just off the I-40 in Albuquerque (SE), NM. At approximately 5,928 square feet of building area, the property is comprised of four tenants with strong credit and brand strength - Wingstop, MetroPCS, QC Financial, and Loya Insurance Group.
Wingstop is a chain of aviation-themed restaurants that serves chicken wings and has grown into a chain of over 650 locations across the US. In 2010. MetroPCS is a prepaid wireless and cellular service company that is wholly owned by T-Mobile US, Inc (NYSE: TMUS). QC Financial (PayDay Loans) operates over 600 locations across the US and is headquarters for other popular cash advance brands such as Quik Cash and First Choice Loans. Loya Insurance Group, headquarted in El Paso, TX, employs over 2,700 people and is the 19th largest Hispanic-owned company in the country

Retail Property

Price: $

Gross Leasable Area: 5,928 SF

Price/SF: $

Property Type: Retail

Property Sub-type: Strip Center

Property Use Type: Net Lease Investment with 10+ years left on lease

NNN Leases with Fixed Rental Increases - Diversified National Tenant Mix

Commission Split: 

Cap Rate: 5.90%

Tenancy: Multiple

Lot Size: 16,000 SF

APN / Parcel ID: 1-020-057-528235-4-25-21

Listing ID: 19481047

Dense Infill Location - Over 240,000 People in a 5-Mile Radius

Last Updated: 8 days ago

Four Unit Strip Center - 100% Occupied - National Credit Tenants

Immediately Across From Super Walmart and Sam Club Power Center

Just off of I-40 Major Traffic Thoroughfare - Over 50,000 AADT

Below Market Leases - Long Term Upside Potential and Low Downside Risk

Dense Infill Location - Over 240,000 People in a 5-Mile Radius

Additional Information

The subject property is surrounded by retailers such as Walmart Supercenter, McDonald' s, Sam' s Club, PetSmart, Taco Bell, Boston Market and Game Stop. This is a unique opportunity to purchase a newly built, attractive retail building comprised of a diversified mix of established brands just across the street from a Walmart Supercenter-anchored retail district, just off the busy I-40 freeway in Albuquerque, NM.

 

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