Investment Overview

Laramie Square is a 40,321-square-foot, multi-tenant neighborhood retail center located in Albuquerque, New Mexico. The center is currently 75 percent occupied with triple-net leases, providing upside potential to a future investor. Tenants are a complementary mix of internet-resistant, service-oriented businesses, including Silver Horizons, MJ Alta Vida Products, Academy Team Sales, Illest Cuts, Reef-Licious, Freedom Tax, 528 Sushi & Asian Cuisine, Metro East Insurance, Rainbow Laundry, Pretty Please, Lina Meng Massage, ABQ Coins, Tommy Wozniak, Peoples Tax Service, Jorge Sanchez, Duke City Accessories, Hometown Heroez, and Studio Blue. The center was originally constructed in 1957 and is situated on 2.63 acres with paved parking. The subject property has three double-sided monument signs strategically placed near the roadway, providing additional exposure to the center. Laramie Square is positioned on San Mateo Boulevard NE with corner intersections at both Arvilla Avenue and Aztec Road, and just one lot east of the signalized intersection with Candelaria Road NE. The center is easily accessible from multiple ingress and egress points. Cumulative traffic counts exceed 40,544 vehicles per day. Nearby national and regional retailers include NAPA Auto Parts, The UPS Store, O'Reilly Auto Parts, Batteries Plus, Starbucks, Chick-fil-A, Raising Cane's, T.J. Maxx, Ross Dress for Less, Rack Room Shoes, and many others. The area benefits from an extremely dense population of more than 319,860 residents within a five-mile radius. The daytime employment population is more than 257,433 employees within a five-mile radius.