241 98th NW st - Retail FOR SALE


Albuquerque, NM 87121- Westland Row
$4,117,647 USD
505-998-1648
241 98th NW st, Albuquerque, NM for Sale
$4,117,647 USD
Retail - FOR SALE
1/3
null | 4.25% Cap Rate

241 98th NW st
Albuquerque, NM 87121
Westland Row


OVERVIEW

- Brand-new lease and newly constructed improvements combine with scheduled rent growth to create a compelling long-term investment - Long-term lease features 10% rent increases every five years, continuing throughout the option periods - The ground lease structure provides for a passive investment - Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands

FOR SALE DETAILS

PRICE

$4,117,647 USD

PRICE/SF

$1,771 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Investment Opportunity

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1-009-057-057146-3-06-11

ASK ABOUT THIS PROPERTY

Brett HillsNAI Sun VistaMore Info
505-998-1648

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Brett HillsNAI Sun VistaMore Info
505-998-1648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.