Freestanding NN-Leased Retail
For Sale
Contact for pricing
Pending
3600 Highway 528 NW, Albuquerque, NM 87114
Freestanding retail asset occupied by Sleep Number under an NN lease with roof and structural obligations retained by the landlord.
Property SizeContact for details
Days on Market143
Property Features for 3600 Highway 528 NW
General Information
Standard status
Pending
Property subtype
Retail
Net Operating Income
$136,088
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Lowe's Home Improvement, Dick's Sporting Goods, CostPlus World Market
Traffic Count
46,300 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Phoenix
Listed By:
Greg White · License #SA027217000
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 3:51AM
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 SRS Real Estate Partners Phoenix
Investment Insights
Based on property information with market context.
This freestanding retail property conveys fee simple ownership of the land and building and is occupied by Sleep Number under an NN lease. Approximately 6 years remain in the initial term, followed by 2 (5-year) extension options. Landlord obligations are limited to the roof and structure, supporting a relatively limited-management ownership profile.
The property occupies a corner outparcel along Alameda Boulevard NW and State Highway 528 in Albuquerque. Daily traffic on the thoroughfare exceeds 46,300 vehicles, and the site includes street frontage and a monument sign along Alameda Boulevard. It is positioned next to Cottonwood Commons, a 288,922 square foot community center anchored by Lowe's Home Improvement, Dick's Sporting Goods, and CostPlus World Market.
The surrounding Cottonwood submarket contains more than 4.1M square feet of retail space and includes national retailers such as Walmart Supercenter, The Home Depot, Target, Costco Wholesale, Sam's Club, Kohl's, Burlington, and Ross Dress for Less. Nearby residential communities include River Walk at Puerta de Corrales with 500 units and Cottonwood Ranch with 466 units. The 5-mile trade area includes nearly 172,000 residents and 82,000 daytime employees.
The property occupies a corner outparcel along Alameda Boulevard NW and State Highway 528 in Albuquerque. Daily traffic on the thoroughfare exceeds 46,300 vehicles, and the site includes street frontage and a monument sign along Alameda Boulevard. It is positioned next to Cottonwood Commons, a 288,922 square foot community center anchored by Lowe's Home Improvement, Dick's Sporting Goods, and CostPlus World Market.
The surrounding Cottonwood submarket contains more than 4.1M square feet of retail space and includes national retailers such as Walmart Supercenter, The Home Depot, Target, Costco Wholesale, Sam's Club, Kohl's, Burlington, and Ross Dress for Less. Nearby residential communities include River Walk at Puerta de Corrales with 500 units and Cottonwood Ranch with 466 units. The 5-mile trade area includes nearly 172,000 residents and 82,000 daytime employees.
Key Highlights
- Sleep Number occupies the freestanding retail building under an NN lease
- Approximately 6 years remain in the initial lease term
- 2 (5‑year) options to extend are included
Property Analytics
Current Use
Lease Details
46,300 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
977k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Shops & Services 25%
Dining 20%
Apparel 10%
Walmart
Superstores
154,008 visits/mo
0.5 miles
Sam's Club
Superstores
122,365 visits/mo
0.3 miles
Five Below
Shops & Services
53,499 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
48,007 visits/mo
0.4 miles
Total Wine & More
Groceries
45,239 visits/mo
0.4 miles
Demographics for 87114, NM
69,402
Population
28,038
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
20.9 sq mi
ZIP Area
3,321
Density / Sq Mi
$81,768
Median Household Income
$48,127
Median Earnings
$1,321
Median Rent
$296,200
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail asset occupied by Sleep Number under an NN lease with roof and structural obligations retained by the landlord.
Where is this nnn property located?
The property is located at 3600 Highway 528 NW Albuquerque, NM.
What are key features of this property?
This property features: Sleep Number occupies the freestanding retail building under an NN lease; Approximately 6 years remain in the initial lease term; 2 (5‑year) options to extend are included
