Two-Tenant Shopping
For Sale
$4,877,400
1409 N Renaissance Blvd NE, Albuquerque, NM 87107
Corporate-leased retail property with established regional-center adjacency and access near the I-25 and Montaño freeway exit.
Property Size40,000 SF
Price / SF$121.94
Days on Market885
Property Features for 1409 N Renaissance Blvd NE
General Information
Standard status
Active
Size
40,000 SF
Property subtype
Retail
Zoning
MX-M
Site & Location
Anchor Co-Tenants
Office Depot, Dollar Tree
Highway Access
Yes
Additional Details
Cap Rate
7.85%
Building Details
Tenancy
Multi
Listing Agency:
Pegasus Group LLC
(505) 346-0022
Listed By:
Anthony Johnson · License #53275
(505) 346-0022
Source:
Carnm.resimplifi
Added: Mar 30, 2024
Changed: Aug 30
Last Checked: Aug 31 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pegasus Group LLC
Investment Insights
Based on property information with market context.
The property comprises a 40,000-square-foot shopping center offered as a fee simple interest in the land and building. The two-tenant asset is supported by corporate-executed NN leases and is zoned MX-M. Both occupants are associated with nationally established retail companies, providing a clearly defined tenant configuration.
The center functions as a shadow anchor to a regional power center anchored by Costco, Home Depot, Sam’s Club, and Sportsman’s Warehouse. It is positioned near the I-25 and Montaño freeway exit within the Albuquerque metropolitan area, which has approximately 940,000 residents. More than 235,000 people are identified within a 15-minute drive-time. The property is also reported at a 7.85% initial return.
The center functions as a shadow anchor to a regional power center anchored by Costco, Home Depot, Sam’s Club, and Sportsman’s Warehouse. It is positioned near the I-25 and Montaño freeway exit within the Albuquerque metropolitan area, which has approximately 940,000 residents. More than 235,000 people are identified within a 15-minute drive-time. The property is also reported at a 7.85% initial return.
Key Highlights
- 40,000‑square‑foot two‑tenant shopping center
- Fee simple interest includes the land and building
- Corporate‑executed NN leases support both tenant spaces
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
720k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Shops & Services 23%
Dining 13%
Apparel 10%
Sam's Club
Superstores
143,806 visits/mo
0.2 miles
Costco Wholesale
Superstores
140,563 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
55,308 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
51,205 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
41,154 visits/mo
0.1 miles
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Corporate-leased retail property with established regional-center adjacency and access near the I-25 and Montaño freeway exit.
Where is this shopping center located?
The property is located at 1409 N Renaissance Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,877,400.
What are key features of this property?
This property features: 40,000‑square‑foot two‑tenant shopping center; Fee simple interest includes the land and building; Corporate‑executed NN leases support both tenant spaces
