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4360 Cutler Ave NE Albuquerque, NM 87110

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For Sale
$3,371,789

Four-tenant retail center with freeway visibility and strong customer base.

Property size:
12,706 SF
Lot size:
0.82 Acres

Property Features for 4360 Cutler Ave NE

General Information

Size
12,706 SF
Lot size
0.82 Acres

Source: Realty One of New Mexico dba R1 Commercial Agent Steve O Kraemer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Center Near Interstate 40

The four-tenant retail center at 4360 Cutler Blve NE is located in Albuquerque, New Mexico. The property has freeway visibility off Interstate 40 and is approximately 1.5 miles from Coronado Center, Winrock Center, and Uptown Shopping Center. The location benefits from a strong daytime population and higher-income neighborhoods. The tenant mix has maintained 100% occupancy since construction. Three of the four tenants represent 89% of the rentable square footage and have recently renewed their leases. The fourth tenant occupies 1,425 square feet and has 1 year remaining on their lease, with expectations for renewal. The majority owner of the property is also the majority owner of Calibers Shooting Center, which occupies 41% of the rentable square footage under a recently signed 5-year lease for their gun safe business. The property size is 12,706 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Daily Grind Breakfast Restaurant Calibers Safe Store Safe & Vault Shop The Wellness Lab Wellness Center Parturde Car Towing's ... Towing Equipment Provider Los Pinos Fly ... Fishing Store

Suggested Use

Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Winrock Quorum, ABQ Uptown, Sunglass Hut, The Corner at Winrock, Integrity Plaza

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Sandoval
State
New Mexico
Longitude
-106.5968662
Latitude
35.1047324

FAQs

What type of property is this?
Shopping center - Four-tenant retail center with freeway visibility and strong customer base.
Where is this shopping center located?
The property is located at 4360 Cutler Ave NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $3,371,789.
What are key features of this property?
This property features: - High visibility location off Interstate 40, near major shopping centers.; - Strong financial performance: **8.38% CAP rate and 16.77% IRR** on current rents and OPEX.; - Well below replacement cost at $279/sf.
More about this property
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