ALBERSTONS CENTER JUAN TABO
CANDELARIA ROAD AT JUAN TABO BLVD. NE
ALBUQUERQUE, NEW MEXICO
UNDER CONTRACT

Sales Price: $6,217,000
NOI: $450,790 (as of 10/2012)
Cap Rate: 7.25%

  • 100% leased center anchored by a 47,400-square foot Albertsons Grocery/Sav-On Pharmacy
  • Includes 9,572 square feet of shop space under a master lease to one tenant
  • Leases are absolute net leased properties with no landlord responsibilities with a provision for the improvements to revert to the landlord upon the termination of the leases
  • 17,243-square foot pad site with Juan Tabo Blvd. frontage available for sale separately
  • Located 10 miles from downtown Albuquerque and 10 miles from Albuquerque International Sunport
  • Dense area with over 132,000 in the three-mile radius and a growth projection of 4.61% in the next five years
  • 2010 estimated median housing value of $189,012 in the three-mile radius and $172,924 in the one mile radius 

     



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Wendy Vandeventer
713.425.5845
Click to email wendy.vandeventer@am.jll.com   Click to download vCard

George Cushing
713.425.5849
Click to email george.cushing@am.jll.com   Click to download vCard

 
Jones Lang LaSalle• 200 East Randolph Drive• Chicago, Illinois 60601• Tel: +1 312 782 5800• Fax: +1 312 782 4339 • www.joneslanglasalle.com
The information contained herein was obtained from sources believed reliable; however, Jones Lang LaSalle Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. All persons and firms named in this Offering are licensed brokers or salespersons.