American Square Shopping Center 3301 Menaul Blvd NE 93,582 SF 94% Leased Retail Building Albuquerque, NM 87107 $10,800,000 ($115.41/SF) 7.67% Cap Rate
EXECUTIVE SUMMARY
Colliers is pleased to bring to market American Square, a World Market and National Furniture Liquidators anchored regional shopping center. The Property contains 22 separate retail suites totaling 93,582 SF of high quality retail space. The property is situated on 9.58 AC of MX-M zoned commercial land located on Menaul Blvd NE just west of the intersection of Carlisle Blvd NE.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
93,582 SF
Building Class
B
Year Built
1987
Price
$10,800,000
Price Per SF
$115.41
Cap Rate
7.67%
NOI
$828,838
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.22
Lot Size
9.58 AC
Opportunity Zone
Yes
Zoning
MX-M
Parking
381 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Shopping Center anchored by Office Max and Cost Plus World Market. Great Traffic Counts and Visibility.
Shopping Center anchored by Office Max and Cost Plus World Market. Great Traffic Counts and Visibility.
Shopping Center anchored by Office Max and Cost Plus World Market. Great Traffic Counts and Visibility.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,395 SF | Retail | In-Line | Now |
| 1st Floor | 1,476 SF | Retail | In-Line | Now |
| 1st Floor | 2,387 SF | Retail | - | Now |
1st Floor
| Size |
| 1,395 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 1,476 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 2,387 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-016-059-430307-1-09-10 | Improvements Assessment | $1,071,363 |
| Land Assessment | $1,008,186 | Total Assessment | $2,079,549 |
