new retail center in dense regional trade area · 2017-09-22 · 801 eerson st. ne ... nm 87109 t:...

6801 Jefferson St. NE Albuquerque, NM 87109 t: 505 878 0001 f: 505 878 0002 www.gotspaceusa.com

NEW RETAIL CENTER IN DENSE REGIONAL TRADE AREA NEC COORS BLVD. & LAMONICA RD. | ALBUQUERQUE, NM

FOR SALE

PRICE: $5,230,000

CAP RATE: 6.75%

� Brand new retail center � Exceptional, low risk tenant mix � New, long term leases in place � Excellent street presence and visibility � Signalized intersection at Walmart entrance � In between McDonald’s and Panda Express

BRETT HILLS [email protected]

505 998 1648

MattressSTORE

THE


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The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it form NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NAI Maestas & Ward has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Principals of the seller are licensed NM Real Estate brokers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT AN NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

DISCLOSURE STATEMENT


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TABLE OF CONTENTS

Property Summary . . . . . . . . . 4

Tenant Descriptions . . . . . . . . 6

Rent & Expense Summary . . . . . . . 7

Site Plan . . . . . . . . . . . 8

Location Map . . . . . . . . . . 9

Demographics . . . . . . . . 10

PROPERTY


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Location: Northeast Corner of Coors Blvd. and Lamonica Rd.

Address: 3510 Coors Blvd. SW Albuquerque, NM

Legal Description: TR 1-A-2-B PLAT OF TRS 1-A-2-A, 1-A-2-B & 1-A-2-C LANDS OFLAMONICA & WENK & TR 1-A-2-C PLAT OF TRS 1-A-2-A, 1-A-2-B & 1-A-2-C LANDS OFLAMONICA & WENK

Building Size: Deemed to be ±10,140 SF

Land Size: Deemed to be ±1.192 Acres

Construction Type: Frame/Stucco

Date Built: 2014

Price: $5,230,000

Cap Rate: 6.75%

Net Operating Income: $353,030

Comments: Exceptional, Low Risk Tenant Mix New, Long Term Leases In Place Excellent Street Presence and Visibility Signalized intersection at Walmart Entrance

PROPERTY SUMMARY


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Lamonica Shopping Center

The Lamonica Shops are located at the most significant signalized hard corner intersection in Southwest Albuquerque. Coors Boulevard is the highest traveled north/south thoroughfare through Albuquerque and Rio Rancho. Rio Bravo is the one of the seven river crossings linking the Eastside to the targeted growth area of the Westside of Albuquerque. There are 10,000+ weekly shoppers at the adjacent Walmart. The nearest significant retail cluster is Coors Blvd. & 1-40; a sixteen minute drive time and 6.8 miles in distance each way. The Lamonica Shops are adjacent to Las Estancias, a developing regional power center with the following tenants: McDonald’s, Dion’s, NM Bank & Trust, NM Educators Federal Credit Union, Carmike Cinemas (12 screens and IMAX), Planet Fitness, and Panda Express. The regional location draws from core population base of 137,410 (2013) in a five mile radius.

PROPERTY SUMMARY

Rio Bravo Blvd.

Coors Blvd.

Dennis Chavez Blvd.

Unser Blvd.

CPD 22,000

CPD 30,900

Dedicated Albuquerque Open Space

AMAFCA Storm Water Aquifer

Atrisco Heritage High School±2600 StudentsOpened 2010

Anderson Hills Development

El Rancho Grande±3,000 Homes

Westgate Neighborhood

Stinson TowerNeighborhood

Sunstar±300 Acres Planned

Residential Development

SalazarNeighborhood

CPD 14,200

Lamonica Rd.

CPD 24,100

PROPERTY


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The Mattress Store is owned and operated by Ricardo Solano who has over 20 years of experience in the mattress industry. Mr. Solano signed and guaranteed the Lease. Five years ago Mr. Solano founded The Mattress Store which has grown to fifteen locations in Texas and New Mexico. Through their strong manufacturer relationships The Mattress Store is able to deliver name brand mattresses at lower price points than their competition. Guarantor: Ricardo Solano

For over 20 years, the Cash Store has provided emergency cash loans to help customers finance unexpected expenses. The Cash Store offers a series of payday loans to qualified customers with no credit history or credit score required. In business since 1996, they have expanded to over 320 locations in seven states.Guarantor: None

Specializing in the highest quality dental care for children and teenagers in the State of New Mexico since 2007. With approximately 3,500 square feet, this will be their third location. This dentist office is unlike any other; it offers entertainment and activities for children before and during their visit. Many of the dentists’ chairs include HD monitors for viewing movies.Guarantor: Spencer T. Tasker, an individual; Jim Tasker, an individual; Ganon Rowan, an individual; and Cameron Hatch, an individual, jointly and severally.

Considered to be the largest wireless telecommunications provider in the US, providing wireless services to over 125 million subscribers. Headquartered in Basking Ridge, New Jersey, they have over 2,000 locations throughout the US. They recently expanded their portfolio to include a wireless home phone service to compete directly with landline services from local carriers, a wireless video on demand and entertainment delivery system and even team up with General Motors to offer video chat and streaming content to automobile passengers.

Ensignal is a premier Verizon Wireless Retailer and has provided its customers with communication solutions for over 50 years. They began their business of serving telephone customers in 1950 and are providing similar solutions for customers through wireless products and services. With such a sound foundation and expertise in the communications industry, Ensignal utilizes the Nation’s most reliable network by specializing in local, personalized and professional services to meet the needs of individuals and businesses. Ensignal has 90 stores located in Arizona, California, Colorado, New Mexico, Nevada, South Dakota, Utah and Wyoming.Guarantor: Ensignal

MattressSTORE

THE

TENANT DESCRIPTIONS


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RENT & EXPENSE SUMMARY

Annual

Scheduled Rent $353,030.00

Gross Scheduled Rent $353,030.00

Expense Reimbursement Insurance $3,050.85

Real Estate Taxes $15,864.41

CAM $32,071.90

Total Expense Reimbursement $50,987.16

Total Gross Income $404,017.16

Estimated Operating Expenses Insurance $3,050.85 Real Estate Tax $15,864.41 CAM Management Fees (5%) $17,651.50 Landscape $3,900.00 Repairs $2,042.76 Electric $2,691.72 Phone for Alarm $2,437.20 Alarm Monitoring (Qtrly) $449.40 Water $2,899.32 Total CAM $32,071.90

TOTAL OPERATING EXPENSES $50,987.16

NET OPERATING INCOME $353,030.00

*Estimated 2015 Budget


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SITE PLAN

29,

100

Coor

s Bl

vd.

Lamonica Rd.

The Mattress Store

6801 Jefferson St. NE � Albuquerque, NM 87109 � t: 505 878 0001 � f: 505 878 0002 � www.gotspaceusa.com


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LOCATION MAP

Kirtland Air Force Base

PetroglyphNational Monument

25

25

4040

Gibson Blvd.

Lomas Blvd.

Central Ave.

Unse

r Blvd

.

Paseo del Norte

Montgomery Blvd.

Dennis Chavez Blvd.

Coor

s Bl

vd.

S I T E

7.8 miles or 12 min. to I-25


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Demographic and Income Profile3500 Coors Blvd SW, Albuquerque, New Mexico, 87121 33500 Coors Blvd SW, Albuquerque, New Mexico, 87121 Latitude: 35.02597Ring: 1 mile radius Longitude: -106.71405

Summary Census 2010 2014 2019Population 6,101 5,938 5,880Households 1,972 1,941 1,933Families 1,518 1,482 1,466Average Household Size 3.08 3.05 3.03Owner Occupied Housing Units 1,519 1,490 1,490Renter Occupied Housing Units 453 451 443Median Age 30.0 30.5 31.6

Trends: 2014 - 2019 Annual Rate Area State NationalPopulation -0.20% 0.53% 0.73%Households -0.08% 0.59% 0.75%Families -0.22% 0.47% 0.66%Owner HHs 0.00% 0.62% 0.69%Median Household Income 2.88% 2.85% 2.74%

2014 2019 Households by Income Number Percent Number Percent

<$15,000 235 12.1% 216 11.2%$15,000 - $24,999 345 17.8% 251 13.0%$25,000 - $34,999 291 15.0% 253 13.1%$35,000 - $49,999 311 16.0% 344 17.8%$50,000 - $74,999 396 20.4% 426 22.0%$75,000 - $99,999 158 8.1% 192 9.9%$100,000 - $149,999 146 7.5% 171 8.8%$150,000 - $199,999 46 2.4% 63 3.3%$200,000+ 12 0.6% 17 0.9%

Median Household Income $38,713 $44,625Average Household Income $50,293 $56,492Per Capita Income $16,000 $18,043

Census 2010 2014 2019 Population by Age Number Percent Number Percent Number Percent

0 - 4 522 8.6% 499 8.4% 501 8.5%5 - 9 531 8.7% 480 8.1% 464 7.9%10 - 14 529 8.7% 494 8.3% 460 7.8%15 - 19 521 8.5% 483 8.1% 465 7.9%20 - 24 481 7.9% 475 8.0% 417 7.1%25 - 34 888 14.5% 933 15.7% 976 16.6%35 - 44 789 12.9% 731 12.3% 755 12.8%45 - 54 787 12.9% 720 12.1% 622 10.6%55 - 64 543 8.9% 570 9.6% 592 10.1%65 - 74 335 5.5% 350 5.9% 381 6.5%75 - 84 140 2.3% 159 2.7% 201 3.4%

85+ 38 0.6% 44 0.7% 46 0.8%Census 2010 2014 2019

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 3,351 54.9% 3,235 54.5% 3,188 54.2%Black Alone 129 2.1% 126 2.1% 126 2.1%American Indian Alone 131 2.1% 127 2.1% 129 2.2%Asian Alone 43 0.7% 45 0.8% 48 0.8%Pacific Islander Alone 12 0.2% 12 0.2% 12 0.2%Some Other Race Alone 2,197 36.0% 2,157 36.3% 2,141 36.4%Two or More Races 238 3.9% 235 4.0% 236 4.0%

Hispanic Origin (Any Race) 4,953 81.2% 4,863 81.9% 4,874 82.9%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and 2019.

November 25, 2014

©2014 Esri Page 1 of 6


Summary Census 2010 2014 2019Population 6,101 5,938 5,880Households 1,972 1,941 1,933Families 1,518 1,482 1,466Average Household Size 3.08 3.05 3.03Owner Occupied Housing Units 1,519 1,490 1,490Renter Occupied Housing Units 453 451 443Median Age 30.0 30.5 31.6

Trends: 2014 - 2019 Annual Rate Area State NationalPopulation -0.20% 0.53% 0.73%Households -0.08% 0.59% 0.75%Families -0.22% 0.47% 0.66%Owner HHs 0.00% 0.62% 0.69%Median Household Income 2.88% 2.85% 2.74%


<$15,000 235 12.1% 216 11.2%$15,000 - $24,999 345 17.8% 251 13.0%$25,000 - $34,999 291 15.0% 253 13.1%$35,000 - $49,999 311 16.0% 344 17.8%$50,000 - $74,999 396 20.4% 426 22.0%$75,000 - $99,999 158 8.1% 192 9.9%$100,000 - $149,999 146 7.5% 171 8.8%$150,000 - $199,999 46 2.4% 63 3.3%$200,000+ 12 0.6% 17 0.9%



0 - 4 522 8.6% 499 8.4% 501 8.5%5 - 9 531 8.7% 480 8.1% 464 7.9%10 - 14 529 8.7% 494 8.3% 460 7.8%15 - 19 521 8.5% 483 8.1% 465 7.9%20 - 24 481 7.9% 475 8.0% 417 7.1%25 - 34 888 14.5% 933 15.7% 976 16.6%35 - 44 789 12.9% 731 12.3% 755 12.8%45 - 54 787 12.9% 720 12.1% 622 10.6%55 - 64 543 8.9% 570 9.6% 592 10.1%65 - 74 335 5.5% 350 5.9% 381 6.5%75 - 84 140 2.3% 159 2.7% 201 3.4%

85+ 38 0.6% 44 0.7% 46 0.8%Census 2010 2014 2019

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 3,351 54.9% 3,235 54.5% 3,188 54.2%Black Alone 129 2.1% 126 2.1% 126 2.1%American Indian Alone 131 2.1% 127 2.1% 129 2.2%Asian Alone 43 0.7% 45 0.8% 48 0.8%Pacific Islander Alone 12 0.2% 12 0.2% 12 0.2%Some Other Race Alone 2,197 36.0% 2,157 36.3% 2,141 36.4%Two or More Races 238 3.9% 235 4.0% 236 4.0%



November 25, 2014



Summary Census 2010 2014 2019Population 71,070 73,196 75,451Households 21,733 22,482 23,198Families 17,022 17,488 17,954Average Household Size 3.25 3.24 3.24Owner Occupied Housing Units 17,145 17,663 18,238Renter Occupied Housing Units 4,588 4,819 4,959Median Age 29.1 29.8 30.8

Trends: 2014 - 2019 Annual Rate Area State NationalPopulation 0.61% 0.53% 0.73%Households 0.63% 0.59% 0.75%Families 0.53% 0.47% 0.66%Owner HHs 0.64% 0.62% 0.69%Median Household Income 2.21% 2.85% 2.74%


<$15,000 3,465 15.4% 3,300 14.2%$15,000 - $24,999 3,339 14.9% 2,532 10.9%$25,000 - $34,999 3,222 14.3% 2,917 12.6%$35,000 - $49,999 4,102 18.2% 4,667 20.1%$50,000 - $74,999 4,601 20.5% 5,091 21.9%$75,000 - $99,999 1,852 8.2% 2,312 10.0%$100,000 - $149,999 1,383 6.2% 1,646 7.1%$150,000 - $199,999 356 1.6% 496 2.1%$200,000+ 162 0.7% 237 1.0%



0 - 4 6,558 9.2% 6,690 9.1% 7,050 9.3%5 - 9 6,626 9.3% 6,393 8.7% 6,454 8.6%10 - 14 6,333 8.9% 6,317 8.6% 6,209 8.2%15 - 19 5,957 8.4% 5,705 7.8% 5,732 7.6%20 - 24 5,245 7.4% 5,631 7.7% 5,095 6.8%25 - 34 11,438 16.1% 12,049 16.5% 12,513 16.6%35 - 44 9,418 13.3% 9,691 13.2% 10,785 14.3%45 - 54 8,506 12.0% 8,458 11.6% 7,750 10.3%55 - 64 5,886 8.3% 6,376 8.7% 6,836 9.1%65 - 74 3,104 4.4% 3,763 5.1% 4,522 6.0%75 - 84 1,586 2.2% 1,663 2.3% 1,972 2.6%

85+ 413 0.6% 460 0.6% 533 0.7%Census 2010 2014 2019

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 40,919 57.6% 41,701 57.0% 42,746 56.7%Black Alone 1,690 2.4% 1,734 2.4% 1,779 2.4%American Indian Alone 2,094 2.9% 2,167 3.0% 2,263 3.0%Asian Alone 497 0.7% 542 0.7% 591 0.8%Pacific Islander Alone 50 0.1% 48 0.1% 48 0.1%Some Other Race Alone 22,809 32.1% 23,843 32.6% 24,730 32.8%Two or More Races 3,010 4.2% 3,160 4.3% 3,294 4.4%



November 25, 2014



Summary Census 2010 2014 2019Population 136,503 139,558 143,323Households 43,912 45,064 46,306Families 32,717 33,304 34,014Average Household Size 3.09 3.08 3.08Owner Occupied Housing Units 32,064 32,724 33,562Renter Occupied Housing Units 11,848 12,340 12,744Median Age 30.1 30.8 31.7

Trends: 2014 - 2019 Annual Rate Area State NationalPopulation 0.53% 0.53% 0.73%Households 0.55% 0.59% 0.75%Families 0.42% 0.47% 0.66%Owner HHs 0.51% 0.62% 0.69%Median Household Income 2.25% 2.85% 2.74%


<$15,000 8,502 18.9% 8,110 17.5%$15,000 - $24,999 6,428 14.3% 4,864 10.5%$25,000 - $34,999 6,462 14.3% 5,860 12.7%$35,000 - $49,999 7,831 17.4% 8,928 19.3%$50,000 - $74,999 8,589 19.1% 9,493 20.5%$75,000 - $99,999 3,546 7.9% 4,405 9.5%$100,000 - $149,999 2,620 5.8% 3,099 6.7%$150,000 - $199,999 649 1.4% 902 1.9%$200,000+ 438 1.0% 643 1.4%



0 - 4 12,227 9.0% 12,340 8.8% 12,922 9.0%5 - 9 12,269 9.0% 11,850 8.5% 11,886 8.3%10 - 14 11,463 8.4% 11,544 8.3% 11,378 7.9%15 - 19 11,023 8.1% 10,339 7.4% 10,509 7.3%20 - 24 9,926 7.3% 10,533 7.5% 9,406 6.6%25 - 34 21,605 15.8% 22,523 16.1% 23,233 16.2%35 - 44 17,886 13.1% 18,227 13.1% 20,062 14.0%45 - 54 16,774 12.3% 16,452 11.8% 14,951 10.4%55 - 64 12,262 9.0% 13,208 9.5% 13,923 9.7%65 - 74 6,548 4.8% 7,818 5.6% 9,528 6.6%75 - 84 3,482 2.6% 3,591 2.6% 4,265 3.0%

85+ 1,037 0.8% 1,133 0.8% 1,260 0.9%Census 2010 2014 2019

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 78,042 57.2% 78,943 56.6% 80,607 56.2%Black Alone 3,258 2.4% 3,290 2.4% 3,342 2.3%American Indian Alone 4,349 3.2% 4,440 3.2% 4,599 3.2%Asian Alone 967 0.7% 1,066 0.8% 1,175 0.8%Pacific Islander Alone 102 0.1% 101 0.1% 101 0.1%Some Other Race Alone 43,869 32.1% 45,559 32.6% 47,101 32.9%Two or More Races 5,916 4.3% 6,159 4.4% 6,397 4.5%



November 25, 2014


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new retail center in dense regional trade area · 2017-09-22 · 801 eerson st. ne ... nm 87109 t:...

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