Albuquerque, NM Land Space For Lease

The subject site is located at the Northeast corner of Central & Eubank in Albuquerque’s SE trade area. Located 1.25 miles north of the Eubank gate for Sandia Labs & Kirkland AFB, and just .75 miles south of I-40.

• 0.89 Acres

• Zoned MX-H - drive-thru is an allowable use under IDO zoning

• Located at signalized intersection with access from both Eubank & Central

• Adjacent property has been sold to Take 5 Car Wash

• Major anchors at this intersection include Home Depot, CostCo, Walgreens, Chick fil A, among others

• Sophisticated local developer and creative deal maker

Property is secured by a double gate.

Landlord will consider short term leases.

Credit Tenant

$165,000 annual Base Rent

Annual CPI adjustments every 3rd year with possible reset every 20 years

AVAILABLE

195,000 Total -Two Warehouses on 13.25 AC

- 115,000 SF North Warehouse

- 80,000 SF North Warehouse

Office Built to Suit

FEATURES

Concrete Tilt-up Construction

32’ Clear Height

Zoned NR-C

Trailer Parking

ESFR Fire Suppression

Dock & Drive-in (Ramp) Access

Ground Lease Rate: $65,000/Year

Zoned: MX-L

High-growth corridor surrounded by new housing and commercial development

22,400 cars per day

Significantly underserved trade area

Drive-thru permissive

Proven retail trade area

Multiple access points

All utilities in the street

Surrounded by new development

The landlord is now willing to lease the property in addition to selling. The asking rate is $5,000/month plus the property taxes of $3,893.42.

Owner/broker.

La Mirada is located in Albuquerque’s Far Northeast Heights submarket at the signalized intersection of Wyoming Blvd and Montgomery Blvd in the heart of one of the Albuquerque MSA’s most desirable retail nodes.​ The site is surrounded by a high concentration of single family homes and multi-family units and is within a close proximity to many businesses, schools and parks, making it an ideal neighborhood center location.​

La Mirada is situated between the affluent neighborhoods of Albuquerque’s far east side foothills communities and the regional destination shopping centers in Uptown, making it easily accessible to all northeast Albuquerque areas.​ Accessibility is exceptional, via the major arterials that front the site.​ Interstate access is also convenient with a straight 3-mile drive south to I-40 and west to I-25.​

This site enjoys strong retail synergy from the other national retailers and shopping centers in the trade area with Target, Whole Foods, Home Goods, Walmart, Natural Grocers, TJ Maxx, Marshalls, Smith’s, Hobby Lobby, and Michaels all having a presence.​

• Restaurant and brewery opportunities available with large patio or beer garden

• Drive-thru (endcap or free standing) available

• Class A new construction shop space at one of Albuquerque’s busiest intersections

• Large, convenient parking field with cross-access and cross-parking throughout the shopping center

• Monument signage on Montgomery Blvd and Wyoming Blvd available

- Excellent visibility to Gibson & Yale Blvd

- Hard corner, signalized intersection

- Easy access to Gibson Blvd, Yale Blvd, and Interstate 25

- Entrance to Airport (ABQ International Sunport)

- Servicing Kirtland Air Force Base, Sandia National Laboratories, the University of New Mexico, and the UNM Science & Technology Park

- Close proximity to new Max Q Development

- Existing density with projected employment growth

- Advantageous, flexible zoning

- NR-C (Nonresidential Commercial)

Area Stats:

- 2,600 Hotel Rooms in Area

- 2,000 Apartment Units in Area

- 5.4M Travelers via Sunport

- Isotopes Stadium: Over 215K Annual Visits

- The Pit (UNM Basketball Stadium): Over 650K Annual Visits

- UNM Football Stadium: Over 140K Annual Visits

- Kirtland Air Force Base: Over 10K Employees

- New Mexico VA Hospital: Over 3K Employees

- Sandia National Laboratories: Over 10K Employees

- Albuquerque International Sunport: Approximately 3K employees

Bridge crossing to/from west side of Rio Grande River.

Stop lighted intersection at Avenida Cesar

Chavez & 3rd street

Two forms of access

Clear Channel Billboard Income

Income from long-term secondary tenant m-t-m

Visible site with street presence

Most affordable ground lease on the market. Utilities, ingress, egress and some parking spaces already completed and included.

• Located adjacent to Albuquerque International Sunport, which is served by eight major airlines and four regional airline service providers.

• The Albuquerque International Sunport is less than a mile away. Sunport offers nonstop service to twenty one out-of-state cities, including: Chicago, New York City, Dallas, Los Angeles, Atlanta, San Francisco, Portland and Orange County, CA.

• Situated half a mile west of Interstate 25. There are two major highways; Interstate 25 (Mexico to Wyoming) and Interstate 40 (coast to coast), that bisect the city, providing national access. Albuquerque is a 7-hour drive to Denver, Phoenix, Tucson and 10-hours to Dallas.

• Albuquerque rail service includes one freight line and one passenger line. The Burlington Northern & Santa Fe Railway (BNSF) offers a north-south line that connects in Albuquerque and an east-west line which connects in Belen, located 40 miles south of Albuquerque. Albuquerque is equidistant from both the Port of Los Angeles and the Port of Houston. Additionally BNSF is the only railway that crosses the border into central Mexico.

±0.55 AC of Buildable Vacant Land Available for Sale or Lease.

Sale Price: $599,999.00

Lease Rate: $4,500.00/Mo

Property Highlights:

- Great visibility and access off Coors Blvd

- Exposure to over 26,000 VPD

- Near New Residential & Retail Development

- Within the Vicinity of Las Estancias, one of New Mexico's most visited shopping centers

- Zoning C-1 Bernalillo County

Close to Atrisco Heritage High School

Great visibility on 98th St. with full access points

More than 36,000 cars per day at intersection

Highly-traveled corridor to and from I-40

All utilities servicing the property

Customized pad sizes available from 2,880-30,000 SF

Land: 1.0 - 10.76 Acres

Zoned MX-L

- Large lot space for industrial use

- Perfect for a contractor

- Less than a mile from I-40

- Opportunity Zone

- HUB Zone

The subject site is located at the Northeast corner of Osuna & Edith in Albuquerque’s North Valley trade

area. Located 1 mile west of Journal Center (highest daytime employment corridor in ABQ) and just 2

miles from Interstate 25.

• 0.92 Acres

• Zoned MX-L - drive-thru is an allowable use under IDO zoning

• Hard-corner site and signalized intersection

• 175’ feet frontage along Osuna

• Across from Sandia Prep School (Private school grades 6-12)

• Sophisticated local developer and creative deal maker

Ground Lease/BTS Rate

Call Advisor for Pricing

IDO ZONING MX-M

Drive-thru permissive

Great for any retailer including banks or restaurants

HIGHLIGHTS

Highly-visible pad site fronting Paseo del Norte

Positioned at a key, signalized intersection

High-growth, high-income area with a demand for retail and services

Part of a new development with Dion’s and Dutch Bros

Cross parking and cross access throughout the shopping center

Pylon signage allowed on property

Near multiple schools with significant student traffic

Pad delivered rough-graded with utilities to the site

Adjacent to Las Estancias, one of the most-visited shopping centers in Albuquerque

Next to the most-visited Walmart in New Mexico

Next to top-performing national retailers and quick-serve restaurants

Great visibility and access along Rio Bravo Blvd. with future access from Loris Dr.

51,200 cars per day at the intersection of Rio Bravo & Coors

Located near one of seven Albuquerque river crossings

4 minutes from Albuquerque's largest high school

+/- 450 homes under construction south of the site

- Daytime Population: 67,669 within a 5 minute drive

- Daytime Employees: 54,146 within a 5 minute drive

- Located in the UNM & Hospital Gateway

- Drive thru uses allowed

- Serves some of the largest employers in New Mexico including Presbyterian Hospital and University of New Mexico (UNM)

- Close proximity to UNM, UNM Hospital, Presbyterian Hospital, Lovelace Hospital, CNM, and UNM Sports Complex

- Rare infill site in the UNM trade area

- Captured Audience: 7 residence Hals on campus, 1 residence hall off campus - total capacity is 2,492

• CANNABIS FRIENDLY PROPERTY

• Conveniently located to both interstates, hospitals, and the Downtown Central Business District.

• Located at the SE corner of Fourth st and McKnight, this property is ready for redevelopment opportunities!

• Property is part of North 4th Sector Plan.

• See link to view PDF of entire plan:

Area & Sector Plans Page

• To see uses of MX-M Zoning, visit:

https://documents.cabq.gov/planning/agis/IDO/UseTables/AllowableUses-MX-M.pdf

• OWNER FINANCING AVAILABLE TO QUALIFIED BUYER.

• LAND LEASE OPTION OR BUILD TO SUIT OPTION AVAILABLE.

• BRING ALL OFFERS - Calling all DEVELOPERS

• Hub Zone Qualified

• Parcel is located in a Metropolitan Redevelopment Area

• City of Albuquerque, in an effort to encourage urban in-fill development and affordable housing, has approved multi-story MUH and mixed use developments and will expedite approval process for developers.

• MRA - No Impact Fees

• Form-Based Zoning Overlay to allow for High Density & Additional Uses.

• Sector Plan Approved by EPC, to allow for Fast-Track Permitting.

• Possible Uses Include: Medical/Urgent Care/Physical/Occupational

Therapies/Kidney Dialysis, Mixed-Use, Retail, Hospitality, and more.

• Drive-Thru Availability

Conveniently Located near:

• I-25 and I-40

• Hospitals

• UNM & CNM

• Old Town, Galleries & Museums

• Pueblo Cultural Center & Indian School Redevelopment

• Downtown Central Business & Courthouse District

• Property fronted by 4th Street, McKnight, and 3rd Street with possible access from ALL three streets

• Located in central Albuquerque, close to downtown, Interstate 40 & 25 without congestion from major medical centers

• The City of Albuquerque's Metropolitan Redevelopment Agency, MRWM Landscaper Architects, and Wilson & Company Engineers are pleased to release the Albuquerque Rail Trail Framework Plan as of March 15, 2022.

VISION:

The Albuquerque Rail Trail will transform Downtown's rail corridor into a vibrant and artistic urban trail that creates opportunities for economic development, healthy recreation, and cultural expression. The Trail will connect the diverse communities it travels through and build bridges across those that have been disconnected. Following an ancient path created by footsteps and expanded over centuries by the wheel, the Rail Trail is the next expression of this essential trade route, embracing a resilient future for Downtown Albuquerque.

https://www.cabq.gov/mra/rail-trail?fbclid=lwAR1TMnyFgW9s3ld_mRT8p_b10-oo0FZmHfTi55SRJnddFNmEv_zkXhC38Kg

• I-40 CPD: +/- 156,600

• 4th St CPD: +/- 11,400

• 2nd St CPD: +/- 12,800

OPPORTUNITY ZONE

HUB ZONE

• Yet-to-be-constructed Class A rear-load warehouse facility featuring 213,415 SF and the highest-end finishes that owners and users have come to expect of modern day developments

• 36' clear height and ample loading capacity supported by 51 total potential docking positions and 61 additional trailer parking spaces

• Multiple points of ingress/egress with car parking capacity of 133 spaces (0.62/1,000 SF) and the ability to implement future additional parking

• Modern building features such as ESFR fire suppression systems, LED lighting, and TPO roofing systems

• Flexible site plan that will cater to any single or multi-tenant leasing scenario

• Construction completed in May 2023

Signalized intersection

Hard corner

High residential growth area:

Over 9,730 housing units within a 2-mile radius

Close proximity to Ventana Ranch community

Near numerous schools:

Nearly 7,600 students within a 2-mile radius

Rare selection for commercial sites in the area

All utilities available to the lot

Land sizes available range from 5 to 60 acre parcels. One of the few sites in Albuquerque that can handle large users. Prices range from $4.00 to $5.50sf.

Owners will Lease, Sell, Build to suit or Build and lease back to qualified tenants. This property is excellent for industrial and distribution uses. Other users include TempurPedic and Shamrock foods. Rough grading on all parcels included in pricing.

New Commercial Development at the southwest corner of Central Ave. and 98th Street. Retail, restaurant and service businesses. Up to 8 acres. Ground lease or build to suit. Lease price reflects approximate rate for vanilla shell retail space. Call to discuss ground lease or other lease rates.

+ Going home side

+ Excellent access and exposure

• Ground lease available

• Prime restaurant/retail pad site in underserved trade area

• Major retail synergy in close proximity

• Excellent visibility with Central Ave. frontage

• High traffic with counts in excess of 28,800 VPD

• Full access from Central Ave.

• Adjacent to West Central Plaza: a Burlington, Conn’s, Dollar Tree and Harbor Freight Tools anchored center

• Daily trips to nearby intersection with El Super, a major international supermarket

MX-H zoning allows for a variety of retail uses

Juan Tabo Blvd frontage with more than 30,000 cars per day

Less than a half-mile from I-40

Great redevelopment activity in the area

**Also Available for Sale, See Broker**

Unser Crossing Retail is a new large commercial development

Strategically located at Central Blvd. and Unser Blvd.

Over 2,000 feet of frontage on Central Ave.

Access on four streets - Central Ave., Unser Blvd., 86th St., and Bridge Blvd.

Central Ave. is the most traveled street and is only one of seven Rio Grande River crossings

Large daytime population with Los Volcanes and WestPointe 40 industrial parks only 1/2 mile away

Residential dense neighborhood with new master-planned communities just north of I-40

Located along the Albuquerque Rapid Art Transit (ART) capturing foot traffic as well

> Located on a hard corner.

> Great visibility and frontage on Carlise Blvd.

> Heavily traveled corridor - Carlise and Menaul Intersection with 52,100 VPD.

> Convenient access to freeways, infrastructure, and public transportation.

> Located in an opportunity zone.

> Numerous national retailers in close proximity.