8150 Paseo Del Norte
Albuquerque, NM 87122
R Greenleaf | Albuquerque · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 11-year modified NNN lease with a strong corporate guaranty
- Brand new location owned and operated by parent company, Schwazze (OTCQX: SHWZ) (NEO: SHWZ) doing business as R. Greenleaf
- As of April 1, 2021, recreational cannabis is legal in New Mexico
- 10% rental increases in initial term and option periods
- Schwazzee, Inc. owns and operates 32+ retail locations in New Mexico and Colorado
- New roof completed in October 2022
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,587 SF
Year Built/Renovated
2007/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.48 AC
Zoning
MX-L
Parking
20 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
166’ on Paseo Del Norte Northeast
PROPERTY TAXES
| Parcel Number | 1-019-064-056014-3-01-33 | Improvements Assessment | $123,425 |
| Land Assessment | $143,248 | Total Assessment | $266,673 |
