Property Details
5301 Menaul Blvd NE, Albuquerque NM 87110
For Sale POADescription
5301 Menaul Retail
Retail - Albuquerque NM
LOCATION: 5301 Menaul Blvd. NE, Albuquerque, NM 87110
ZONING: MX-M, City of Albuquerque
LAND AREA: 2.6114+/- square feet
BUILDING: 30,000 +/- square feet in the Four Story Tower
Plus approx. 32,000± Square Feet in the Retail Showroom & Offices
TOTAL: Approx. 62,000± Total Square Feet
TRAFFIC COUNTS: 31,300 on Menaul, 36,700 on San Mateo
PRICE: $3,990,000
LEASE TERM: See Agent
INCOME: $252,000/Year, NNN for Baillio’s
Plus $15,600/Year for Verizon Cell Tower
TOTAL: $267,600/Year Income
RENTAL INCREASES: 2% Annual Increases in the Rent for Baillio’s
OPTIONS TO EXTEND: Three 5 Year Options to Extend
CAP RATE: 6.71%
DEMOGRAPHICS:
| 1 Mile | 3 Miles | 5 Miles | |
| Total Population | 6,888 | 55,900 | 138,735 |
| Median HH Income | $45,437 | $42,196 | $44,504 |
| Average HH Income | $57,214 | $60,332 | $62,477 |
REMARKS: The Tenant occupies the entire four story tower, the retail showroom and offices. This retail investment property is located near the busy intersection of Menaul & San Mateo, is located in a highly sought after retail corridor, it is in heavy traffic area of Albuquerque, is located close to major shopping malls, and has easy access to I-40.
Property Features
- Retail
