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Shopping Strip

Sage Marketplace

9550 Sage Rd SW, Albuquerque, NM 87121

Listing Price: $6,210,000

Cap Rate
6.75%
Gross SF
21,132
Rentable SF
21,132
Price/Gross SF
$293.87
Lot Size
3.62 acres
Year Built
2006

Investment Overview

H&R Block is a global consumer tax services provider, having prepared more than 680 million tax returns since 1955. There are approximately 12,000 company-owned and franchise retail locations in all 50 states, Puerto Rico and other U.S. territories, and on U.S. military bases around the world. Founded in 1960, Domino’s is the recognized world leader in pizza delivery operating a network of company-owned and franchise-owned stores in the United States and international markets. Domino’s is a company of exceptional people on a mission to be the best pizza delivery company in the world. Anytime Fitness is a franchise of 24-hour health and fitness clubs that was founded in 2002 in Cambridge, Minnesota. The company operates over 4,000 franchised locations in 50 countries with more than three million members worldwide, and is the world’s fastest growing fitness club and largest co-ed fitness franchise. Family Dollar is one of the nation’s fastest-growing retailers, offering an assortment of merchandise ranging from household cleaners, food, health and beauty aids, toys, apparel, home fashions, and more – all at extremely affordable prices. 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

  • 100 Percent Fully Leased to Diverse Neighborhood Center Tenant Profile
  • Notable Tenants Include H&R Block, Domino's, Family Dollar, and Anytime Fitness
  • Shared Ingress / Egress with and Anchored by One of the Best Performing Walmart Neighborhood Markets in Albuquerque
  • High Visibility Along Sage Road SW with 34,494 Cars per Day and Signalized Hard Corner Intersection of Snow Vista Boulevard SW / 98th Street SW (25,000 Cars per Day)
  • 151,171 Residents Within a Five-Mile Radius - Growing Albuquerque Trade Area
  • Future Pad for Walmart Gas on Pad Directly in Front of Shops
  • Only Seven Miles / Fifteen Minute Commute from Downtown Albuquerque
  • 10.8 Acre Planned Commercial Retail Development Directly Across the Street

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Shopping Strip

Sage Marketplace

Listing Price: $6,210,000

Cap Rate
6.75%
Gross SF
21,132
Rentable SF
21,132
Price/Gross SF
$293.87
Lot Size
3.62 acres
Year Built
2006

Investment Highlights

  • 100 Percent Fully Leased to Diverse Neighborhood Center Tenant Profile
  • Notable Tenants Include H&R Block, Domino's, Family Dollar, and Anytime Fitness
  • Shared Ingress / Egress with and Anchored by One of the Best Performing Walmart Neighborhood Markets in Albuquerque
  • High Visibility Along Sage Road SW with 34,494 Cars per Day and Signalized Hard Corner Intersection of Snow Vista Boulevard SW / 98th Street SW (25,000 Cars per Day)
  • 151,171 Residents Within a Five-Mile Radius - Growing Albuquerque Trade Area
  • Future Pad for Walmart Gas on Pad Directly in Front of Shops
  • Only Seven Miles / Fifteen Minute Commute from Downtown Albuquerque
  • 10.8 Acre Planned Commercial Retail Development Directly Across the Street

Investment Overview

H&R Block is a global consumer tax services provider, having prepared more than 680 million tax returns since 1955. There are approximately 12,000 company-owned and franchise retail locations in all 50 states, Puerto Rico and other U.S. territories, and on U.S. military bases around the world. Founded in 1960, Domino’s is the recognized world leader in pizza delivery operating a network of company-owned and franchise-owned stores in the United States and international markets. Domino’s is a company of exceptional people on a mission to be the best pizza delivery company in the world. Anytime Fitness is a franchise of 24-hour health and fitness clubs that was founded in 2002 in Cambridge, Minnesota. The company operates over 4,000 franchised locations in 50 countries with more than three million members worldwide, and is the world’s fastest growing fitness club and largest co-ed fitness franchise. Family Dollar is one of the nation’s fastest-growing retailers, offering an assortment of merchandise ranging from household cleaners, food, health and beauty aids, toys, apparel, home fashions, and more – all at extremely affordable prices. 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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