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Shopping Strip

CVS - 12 Yr Abs NNN & New Mexico Title Loan

4340 San Mateo Blvd NE, Albuquerque, NM 87110

Listing Price: $6,734,000

Cap Rate
6.00%
Gross SF
16,007
Rentable SF
16,007
Price/Gross SF
$420.69
Lot Size
1.50 acres
Year Built
2004

Investment Overview

CVS Health Corporation is an American retail pharmacy and health care company headquartered in Woonsocket, Rhode Island. The company sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo services, seasonal merchandise, greeting cards, and convenience foods. Across the state of New Mexico, people in need of emergency cash can turn to New Mexico Title Loans, Inc.. Their title loans enable patrons to meet financial challenges. With New Mexico Title Loans’ experience and professionalism, they promise to help customers get their fast cash title loan in 30 minutes or less. As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment. Albuquerque is located in the center of the New Mexico Technology Corridor, a cluster of high-tech institutions in the area which includes Intel’s Fab 11X and a Facebook Data Center, in addition to being the founding location of MITS and Microsoft.

Investment Highlights

  • Fully Leased to CVS and New Mexico Title Loan - Tenants Since 2004, Showing Strong Commitment to Location - Separate Parcels
  • Two Absolute Triple-Net (NNN) Leases, and Multiple Renewal Options for CVS
  • High-Traffic Signalized Hard-Corner Location at the Intersection of San Mateo Boulevard NE and Montgomery Boulevard NE (Over 85,000 Combined Cars per Day)
  • Situated in Prime Retail Corridor Surrounded by Major National Tenants: Chipotle, Popeyes, Chick-fil-A, Ross, Dollar Tree, Red Lobster, Little Caesars, and More
  • Located Immediately Off the I-25 (Over 75,000 Cars per Day) - Direct Connection to Downtown Albuquerque and Albuquerque International Sunport
  • 303,470 Residents Within a Five-Mile Radius - Dense Albuquerque Infill
  • Across from Del Norte High School (45.2 Acre Campus with Over 1,300 Annual Enrollment)
  • Directly Down the Street from Lovelace Women's Hospital - 160 Bed Facility

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Shopping Strip

CVS - 12 Yr Abs NNN & New Mexico Title Loan

Listing Price: $6,734,000

Cap Rate
6.00%
Gross SF
16,007
Rentable SF
16,007
Price/Gross SF
$420.69
Lot Size
1.50 acres
Year Built
2004

Investment Highlights

  • Fully Leased to CVS and New Mexico Title Loan - Tenants Since 2004, Showing Strong Commitment to Location - Separate Parcels
  • Two Absolute Triple-Net (NNN) Leases, and Multiple Renewal Options for CVS
  • High-Traffic Signalized Hard-Corner Location at the Intersection of San Mateo Boulevard NE and Montgomery Boulevard NE (Over 85,000 Combined Cars per Day)
  • Situated in Prime Retail Corridor Surrounded by Major National Tenants: Chipotle, Popeyes, Chick-fil-A, Ross, Dollar Tree, Red Lobster, Little Caesars, and More
  • Located Immediately Off the I-25 (Over 75,000 Cars per Day) - Direct Connection to Downtown Albuquerque and Albuquerque International Sunport
  • 303,470 Residents Within a Five-Mile Radius - Dense Albuquerque Infill
  • Across from Del Norte High School (45.2 Acre Campus with Over 1,300 Annual Enrollment)
  • Directly Down the Street from Lovelace Women's Hospital - 160 Bed Facility

Investment Overview

CVS Health Corporation is an American retail pharmacy and health care company headquartered in Woonsocket, Rhode Island. The company sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo services, seasonal merchandise, greeting cards, and convenience foods. Across the state of New Mexico, people in need of emergency cash can turn to New Mexico Title Loans, Inc.. Their title loans enable patrons to meet financial challenges. With New Mexico Title Loans’ experience and professionalism, they promise to help customers get their fast cash title loan in 30 minutes or less. As the largest and most populous city in New Mexico and home to approximately one-fourth of the state’s population, Albuquerque is a hub for the arts with an economy built on science, medicine, technology, commerce, education, culture outlets and entertainment. Albuquerque is located in the center of the New Mexico Technology Corridor, a cluster of high-tech institutions in the area which includes Intel’s Fab 11X and a Facebook Data Center, in addition to being the founding location of MITS and Microsoft.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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