2621 Wyoming Blvd NE - Office FOR SALE


Albuquerque, NM 87112
$800,000 USD
505-259-9989
2621 Wyoming Blvd NE, Albuquerque, NM for Sale
$800,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

2621 Wyoming Blvd NE
Albuquerque, NM 87112


HIGHLIGHTS

  • • Approximately 3,200-square-foot retail building
  • • Triple-net lease structure
  • • One additional five-year renewal option with continued 3% annual rent growth
  • • 7.20% stabilized cap rate at the $800,000 asking price
  • Cap rate increases to approximately 8.35% by Lease Year 6
  • • Strong Northeast Heights location along highly traveled Wyoming Boulevard

OVERVIEW

Wyoming Executive Plaza offers investors the opportunity to acquire a 100%-occupied, single-tenant retail property in Albuquerque’s highly desirable Northeast Heights submarket. The approximately 3,200-square-foot building is leased to Verdes Cannabis, LLC under a new six-year triple-net lease featuring 3% annual rent increases and one additional fiveyear renewal option. At the $800,000 asking price, the property provides a 7.20% stabilized cap rate with contractual rent growth increasing the investor’s return throughout the initial lease term. The tenant reimburses property taxes, building insurance, common-area maintenance, and other recoverable operating expenses, creating a predictable income stream with limited day-today landlord responsibilities. Positioned along the highly traveled Wyoming Boulevard corridor, the property benefits from excellent visibility, convenient access, strong surrounding demographics, and proximity to established residential neighborhoods, national retailers, restaurants, professional offices, and medical providers. Its central location, long-term lease structure, and increasing rental income make Wyoming Executive Plaza an attractive investment opportunity in one of Albuquerque’s most established commercial areas.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,395 SF

ZONING

MX-M

APN/PARCEL ID

1-019-059-526509-1-24-20

ASK ABOUT THIS PROPERTY

Martin RichardsonRESOLUT REMore Info
505-259-9989

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Martin RichardsonRESOLUT REMore Info
505-259-9989

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