Investment Opportunity

121 Eubank Blvd NE
Albuquerque, NM 87123

Overview

Exceptional Investment Opportunity at 121 Eubank Blvd. NE, Albuquerque, NM**

Discover a prime investment opportunity that promises solid returns and long-term stability! Located in the bustling Northeast Albuquerque area, this property benefits from high visibility and heavy foot traffic, making it an ideal location for investors.

Key Features:

-Fully Occupied: The property is fully leased to three well-established tenants, providing a reliable and consistent cash flow.
– Significant Capital Improvements: Over $300,000 in capital improvements have been added, significantly enhancing the property’s value and appeal and ensuring it remains competitive in the market.
– Strong Leases in Place: With long-term leases in place and options to renew, you can enjoy peace of mind knowing your investment is secure and the income is stable for years .
– High-Traffic Location: Situated in a prime area with approximately 30,000 vehicles passing by daily, this property offers excellent exposure, benefiting the tenants and your investment.

Property Overview:

Prime investment opportunity with solid ROI
Located in Northeast Albuquerque’s high-traffic area
Fully occupied by three established tenants
Significant capital improvements made by each tenant
Long-term leases in place, with options to renew for added income stability
Highlights:

Approximately 30,000 Vehicles Per Day
Over $300K spent on improvements
Annual escalating rents
NNN Leases in place

For Sale

Sale Price: $1,167,736
Price Per SF: $212.3/SF
Investment: Yes
Cap Rate: 10%
Gross Income: $133,992
Net Operating Income: $116,736
Total Expenses: $17,256
Building Size: 5,500 SF
Acres: 0.33 ac
Zoning: MX-L
Zoning Description: Low Intensity
Year Built: 1984
Parking Ratio: 4.4 / 1000
Parking Spaces: 22
Submarket: Southeast Heights
Property Use Type: Investment
Property Status: Existing
Vehicles Per Day: 30,000 VPD
Average Occupancy Rate: 100%
County: Bernalillo
Created: 2024-11-13
Updated: 2024-11-15
Listing ID: 1c325ef1
Parcel APN: 102005752602840806

Exterior Photos

Interior Photos & Floorplan

Location Map

Interested? Contact Chris