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Miscellaneous

Calibers

4340 Cutler Ave NE, Albuquerque, NM 87110

Listing Price: $4,556,000

Cap Rate
6.50%
Tenant Name
Calibers
Years Remaining On Lease
6.8
Gross SF
20,685
Guarantor
Personal Guarantee
Rentable SF
20,685
Price/Gross SF
$220.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.32

Investment Overview

Calibers is a New Mexico-based indoor shooting range and gun shop that specializes in range experiences, training, and certifications. Calibers also carry the latest firearms and accessories at their retail locations as well as on their online store, and through their membership program offered at every location. Commitment to promoting responsible firearm handling and ownership by providing the best in firearm training courses and setting new standards for safety and cleanliness is the company mission at Calibers. 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

  • Seven Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate and Personal Guaranty
  • Two and a Half Percent Rental Increases Annually
  • Excellent Visibility Along Interstate-40 Coronado Freeway (Over 191,100 Cars per Day)
  • Hard-Corner Location at Signalized Intersection of Cutler Avenue NE and Washington Street with Over 23,700 Cars per Day
  • Surrounded by National Retail Tenants - Walmart Neighborhood Market, Bed Bath & Beyond, Old Navy, Office Depot, and More
  • Immediate Proximity to Dense Major Retail Corridor along I-40 Freeway with Coronado Center, AQB Uptown, and Winrock Town Center Shopping Malls
  • Direct Connection to Downtown Albuquerque - Less than 12 Minute Commute
  • Average Annual Household Income Exceeds $78,700 in Immediate Area within One Mile of Subject Property

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Listing Price: $4,556,000

Cap Rate
6.50%
Tenant Name
Calibers
Years Remaining On Lease
6.8
Gross SF
20,685
Guarantor
Personal Guarantee
Rentable SF
20,685
Price/Gross SF
$220.26
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.32

Investment Highlights

  • Seven Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate and Personal Guaranty
  • Two and a Half Percent Rental Increases Annually
  • Excellent Visibility Along Interstate-40 Coronado Freeway (Over 191,100 Cars per Day)
  • Hard-Corner Location at Signalized Intersection of Cutler Avenue NE and Washington Street with Over 23,700 Cars per Day
  • Surrounded by National Retail Tenants - Walmart Neighborhood Market, Bed Bath & Beyond, Old Navy, Office Depot, and More
  • Immediate Proximity to Dense Major Retail Corridor along I-40 Freeway with Coronado Center, AQB Uptown, and Winrock Town Center Shopping Malls
  • Direct Connection to Downtown Albuquerque - Less than 12 Minute Commute
  • Average Annual Household Income Exceeds $78,700 in Immediate Area within One Mile of Subject Property

Investment Overview

Calibers is a New Mexico-based indoor shooting range and gun shop that specializes in range experiences, training, and certifications. Calibers also carry the latest firearms and accessories at their retail locations as well as on their online store, and through their membership program offered at every location. Commitment to promoting responsible firearm handling and ownership by providing the best in firearm training courses and setting new standards for safety and cleanliness is the company mission at Calibers. 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

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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