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3600 Calle Cuervo NW

2,739 SF Retail Building Albuquerque, NM 87114 $800,000 ($292/SF) 6.75% Cap Rate

Investment Highlights

  • » LONG TERM TRIPLE NET (NNN) LEASE, WITH CORPORATE GUARANTY FROM AMERIVET (200+ LOCATIONS)
  • » EXCELLENT LOCATION, LOCATED WITHIN 2ND LARGEST SHOPPING DESTINATION IN NEW MEXICO
  • » 3% ANNUAL INCREASES THROUGH PRIMARY LEASE TERM & OPTIONS

Executive Summary

Acequia Animal Hospital is a full service medical and surgical hospital offering a wide range of veterinary services to a variety of pets including but not limited to wellness exams, dental cleanings, surgeries, diagnositics, ultrasounds, and wellness visits. This 2,739-square-foot animal hospital was built in 2002 and is located within one of Albuquerque’s top shopping destinations comprised of Cottonwood Commons, Mall and Corners featuring over 1,000,000 SF of retail; the 2nd largest shopping center in the state serving over 350,000 consumers annually. The property is 100% leased to AmeriVet which is a national operator of veterinary clinics in the US. AmeriVet operates over 214 clinics across 37 states with over 3,400 employees.The site’s demographics boast a 5-mile population of 165,603 people which is expected to reach 169,578 people by 2029; with an average household income of $101,046 within a 3-mile radius. The Cottonwood area in Albuquerque is home to a wide variety of tenants across its three major shopping destinations: Cottonwood Mall, Cottonwood Commons, and Cottonwood Corners. Tenants at Cottonwood Mall include anchor stores like Dillard’s, JCPenney, and Round1 Entertainment, alongside popular brands such as H&M, Bath & Body Works, Victoria’s Secret, and Sephora. The Commons features big-box retailers like PetSmart, Barnes & Noble, TJ Maxx, and Ulta Beauty, while Cottonwood Corners includes anchors such as Sam’s Club, Target, Lowe’s and The Home Depot, and smaller service-oriented businesses. Dining options throughout the area range from sit-down restaurants like Olive Garden and Red Robin to fast-casual spots like Chick-fil-A, Panda Express, and Starbucks, creating a diverse and vibrant shopping experience.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,739 SF
Building Class
C
Year Built
2002
Price
$800,000
Price Per SF
$292
Cap Rate
6.75%
NOI
$54,025
Tenancy
Single
Building Height
1 Story
Building FAR
2,739.00
Parking
12 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
146 FT on Calle Cuervo Rd

Amenities

  • Signage

Nearby Major Retailers

Dutch Bros
Pei Wei Asian Diner
Olive Garden Italian Rstrnt
Red Lobster
Albertsons
Starbucks
Five Guys
Jason's Deli
Burn Boot Camp
Rudy's BBQ

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-014-066-163191-2-01-22
Land Assessment
$52,060
Improvements Assessment
$47,192
Total Assessment
$99,252
  • Listing ID: 34414929

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 3600 Calle Cuervo NW, Albuquerque, NM 87114

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