Albertsons - Albuquerque, NM

12201 Academy Rd NE Albuquerque , NM 87111-8051

Albertsons - Albuquerque, NM - Retail for sale

Overview


JLL is pleased to offer for sale the fee simple interest in a single tenant Albertsons (the Property or Asset) located in Albuquerque, New Mexico. The Asset is subject to an absolute NNN lease with Albertsons LLC (the Tenant), and features over 12 years of primary term remaining. In addition, the lease features ten percent rent escalations every five years throughout the primary term. This Asset presents the opportunity to purchase a property leased to one of the countrys largest grocery chains on a long-term basis with contractual rental growth and absolutely zero landlord responsibilities.

Investment Highlights


• Over 12 years remaining on an absolute NNN lease requiring zero landlord responsibilities, allowing for a completely passive investment
• Surrounding community boasts over 72,000 residents and an average household income of $103,000 within a three-mile radius, providing exposure to a densely populated and affluent consumer base
• Guaranty from Albertson’s LLC, one of the largest grocery operators in the United States with over 2,300 locations across 33 states under 18 well-known banners
• Ten percent rental escalations every five years throughout the primary term, offering steady income growth and a hedge against inflation
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 12201 Academy Rd NE, Albuquerque, NM 87111-8051
Land In Acres 7.48
Building Size 65,413  ft2
Financial
Price $9,782,000
Cap Rate 7.25%
Current NOI $709,255.00
Lease
Download Offering Memorandum

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