Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in the subject property located at the intersections of State Highway 45 (Coors Bypass Boulevard), State Route 528, and Coors Road in Albuquerque, New Mexico.?The offering includes two buildings situated on two land parcels: a 93,222-square-foot, two-story anchor store situated on approximately 5.9 acres, and a 9,238-square-foot, single story building situated on approximately .85 acres. The anchor store is part of the 1,051,846-square-foot, super regional Cottonwood Mall, the state’s second-largest shopping center serving over 350,000 consumers annually. The Property is a party to a Reciprocal Easement Agreement with Cottonwood Mall, a family-friendly shopping destination anchored by Dillard's, JCPenney, Hobby Lobby, Mor Furniture, HomeLife Furniture, and Conn's HomePlus, with more than 130 retail, dining and entertainment options. The mall also features a state-of-the-art dog park and solar powered charging stations. The center is strategically located in one of Albuquerque’s premier retail hubs in the Cottonwood submarket and is easily accessible from multiple ingress and egress points from both State Highway 45 and Coors Road. Cumulative traffic counts exceed 73,400 vehicles per day. Numerous other national and regional retailers are in the surrounding area, including The Home Depot, PetSmart, Walmart, World Market, Lowe's Home Improvement, Costco, Sam's Club, Kohl's, At Home, Sprouts, and many more. Several school campuses are in close proximity, providing additional traffic to the area.