4010 Montgomery Blvd Albuquerque, NM 87109
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11,700 SF, 100% Occupied, NNN Lease
Property size:
11,700 SFProperty Features for 4010 Montgomery Blvd
General Information
- Property type
- Medical offices
- Square Feet
- 11,700 SF
- Class
- A
- Lot Size
- 56,192 SF
Building Details
- Year Built
- 2007
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Colliers - Albuquerque, New Mexico Listing Agent: Tom Franchini
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A medical office building, located at 4010 Montgomery Blvd NE in Albuquerque, New Mexico, presents a compelling investment opportunity. The 11,700 square foot single-story building sits on a 1.29-acre lot and is fully occupied by Optum Healthcare under a Net Lease (NNN) agreement. Built in 2007, the property boasts a strong 7-year remaining lease term extending to November 2030, providing a stable and predictable income stream. The lease includes annual rent increases of approximately 2.5%. The property's financial performance is robust, with a projected 2024 Gross Rent of $305,794 and a Net Operating Income (NOI) estimated at $272,004.33, resulting in an attractive 5.91% capitalization rate. The property is zoned MX-T and offers a fee simple ownership structure. This is a rare opportunity to acquire a high-quality, fully occupied medical office building in a desirable Albuquerque location with a long-term, creditworthy tenant. The property's single-tenant occupancy minimizes management complexities and provides a secure investment with significant upside potential. The asking price for this exceptional asset is $4,600,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Optum Primary Care
Medical Clinic
Laura Bellew, CNP
Physician
NM Community Center
Medical Clinic
Linda Humphrey, NP
Physician
Bryan Sanchez, NP
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.59851328147
- Latitude
- 35.130881070924
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FAQs
What type of property is this?
Medical office - 11,700 SF, 100% Occupied, NNN Lease
Where is this medical office located?
The property is located at 4010 Montgomery Blvd Albuquerque, NM.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Fully occupied, 11,700 SF Class A medical office building in Albuquerque, NM.; Net lease (NNN) with Optum Healthcare, a UnitedHealthcare subsidiary, through November 2030.; Strong financial performance: $305,794 projected 2024 Gross Rent; $272,004.33 estimated NOI; 5.91% cap rate.
