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    4410 Central Ave Albuquerque, NM 87105

    Sponsored
    For Sale
    $2,502,031

    High-yield Harbor Freight investment. Strong tenant.

    Property size:
    16,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 16,376 square-foot freestanding retail building, fully occupied by Harbor Freight Tools, located at 4410 Central Ave SW, Albuquerque, NM 87105. The property sits on a 2.64-acre lot and boasts a prominent pylon sign, ensuring high visibility in a bustling retail corridor. The building underwent a complete renovation in 2019. The current lease, a Net Net (NN) structure with a corporate guarantee from Harbor Freight, commenced June 9, 2016, and extends until April 29, 2030, with four 5-year renewal options. The lease features a below-market rent of $11 per square foot, with a 5% annual increase cap. The property generates a strong net operating income (NOI) of $156,376.96, resulting in an attractive 6.25% capitalization rate. The asking price is $2,502,031. The property is zoned MX-M and benefits from a high-traffic location with national co-tenancy including Burlington, Ross Dress for Less, Conn's, Home Plus, Five Below, and Starbucks. Additional on-site amenities include an ATM. Owner financing is available. This is a rare opportunity to acquire a stable, high-performing retail asset anchored by a financially sound national tenant.

    Property Features for 4410 Central Ave

    General Information

    Property type
    Retail properties
    Square Feet
    16,376 SF
    Lot Size
    114,998 SF

    Building Details

    Year Built/Renovated
    1970/2019

    HighLights

    • 2019‑renovated, 16,376 SF freestanding retail building on a 2.64‑acre lot.
    • Leased to Harbor Freight Tools in Albuquerque, NM until April 30, 2030, with four 5‑year renewal options.
    • Priced at $2,502,031, offering a 6.25% capitalization rate.
    • Net lease with 5% annual rent increase cap; current rent is $11/SF, below market.
    • Owner financing available.
    • Harbor Freight Tools is a national tenant with over 1,400 US locations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Hardware Store American Wildlife Taxidermy Taxidermist Bank of America ATM ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.6877453
    Latitude
    35.0842157

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    FAQs

    What type of property is this?
    Retail property - High-yield Harbor Freight investment. Strong tenant.
    Where is this retail property located?
    The property is located at 4410 Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,502,031.
    What are key features of this property?
    This property features: 2019-renovated, 16,376 SF freestanding retail building on a 2.64-acre lot.; Leased to Harbor Freight Tools in Albuquerque, NM until April 30, 2030, with four 5-year renewal options.; Priced at $2,502,031, offering a 6.25% capitalization rate.
    (505) 337-0777
    Request Owner's contact information
    4410 Central Ave Albuquerque, NM 87105
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    Albuquerque, NM 87105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4410 Central Ave Albuquerque, NM 87105
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