5400 Menaul NE Blvd Albuquerque, NM 87110-3116

Property Details for 5400 Menaul NE Blvd

Year built

1960

Lot size

0.33 lot acres

Property size

4,530 SF

Property type

Commercial land

APN

1-018-059-075-252-3-23-12

APU

101805907525232312

Description

This exceptional investment opportunity presents a brand-new, 1,412 square foot auto shop in Albuquerque, New Mexico. Located at 5400 Menaul Blvd NE, this Class B property boasts a prime location with excellent visibility and access, experiencing approximately 34,000 vehicles per day. The property features a 15-year absolute triple-net (NNN) lease, commencing January 14, 2023, with a tenant, a Take 5 Oil Change franchisee, providing zero landlord responsibilities. The lease includes 10% rent increases every five years, ensuring consistent income growth. The current Net Operating Income (NOI) is $147,450, yielding a 6.00% cap rate based on the asking price of $2,458,000. The property sits on a 0.33-acre lot with six parking spaces and is part of a thriving commercial area, less than half a mile from Coronado Center, a major shopping mall, and close to I-40, Pavilions at San Mateo, and the University of New Mexico. The tenant is a high-growth operator with a strong track record and significant expansion plans. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term potential in a rapidly developing market. The building was constructed in 2022 and has 100% occupancy. The lease includes six, five-year options. The property's strong demographics, with an average household income exceeding $65,500 within a five-minute drive, further enhance its investment appeal.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.584

Latitude

35.1088

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments