Foothills Center
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Foothills Center
2 Retail Properties in Albuquerque, NM
Executive Summary
Institutional Property Advisors has been selected to exclusively market for sale the fee simple interest in Foothills Center located at the signalized intersection of Menaul Boulevard and Juan Tabo Boulevard in Albuquerque, New Mexico. The offering includes an existing 93,302 square feet of gross leasable area and a separate parcel suitable for a drive-thru quick serve restaurant. The Center is one of the most frequent visitor locations in the established Sandia Foothills.
The Center is 98% occupied by Walmart Neighborhood Market (WMT), Harbor Freight, dd’s Discounts (ROSST), Einstein Bagels, AT&T, GameStop (GME), Sally Beauty (SBH) and soon to open Hibbett Sports (HIBB). The retail mix of everyday essential goods generates over one million customer visits annually and generates 80% reliable credit tenant cash flow on triple net lease structures. Several leases are open to Fair Market Rent Uplift adjustments upon expiration and the property includes a 0.5-acre pad site creating future upside potential.
The Center is 98% occupied by Walmart Neighborhood Market (WMT), Harbor Freight, dd’s Discounts (ROSST), Einstein Bagels, AT&T, GameStop (GME), Sally Beauty (SBH) and soon to open Hibbett Sports (HIBB). The retail mix of everyday essential goods generates over one million customer visits annually and generates 80% reliable credit tenant cash flow on triple net lease structures. Several leases are open to Fair Market Rent Uplift adjustments upon expiration and the property includes a 0.5-acre pad site creating future upside potential.
Property Facts
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 93,302 SF |
| Number of Properties | 2 | Total Land Area | 17.19 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 93,302 SF |
| Total Land Area | 17.19 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Foothills Shopping Center
11101-11145 Menaul Blvd NE, Albuquerque, NM 87112 |
Retail | 82,901 SF | 1974 | - |
| 11201-11205 Menaul Blvd NE, Albuquerque, NM 87112 | Retail | 10,401 SF | 1974 | - |
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