5700 San Antonio Dr Albuquerque, NM 87109

Property Details for 5700 San Antonio Dr

Year built

2008

Lot size

1.72 lot acres

Property size

6,020 SF

Property type

Retail space

APN

1-018-062-192-503-2-01-44

APU

101806219250320144

Description

This exceptional Class A shopping center, San Antonio Commons, presents a compelling investment opportunity in Albuquerque, New Mexico. The property boasts 14,740 square feet across two contemporary, single-story buildings, each less than 10 years old, situated on a 1.72-acre lot. Currently housing five retail units, the center enjoys a strong 7.50% capitalization rate and a substantial net operating income (NOI) of $246,645, with an asking price of $3,300,000 ($223.88/sq ft). The property benefits from a stable rent roll and market-competitive lease rates, ensuring consistent cash flow. Its convenient location at 5700 San Antonio Dr NE, Albuquerque, NM 87109, provides excellent accessibility for tenants and customers. The surrounding area demonstrates robust economic indicators, including an average household income exceeding $105,340 within a five-mile radius and low retail vacancy rates (under 3% for comparable spaces). Annual foot traffic is impressive, with 133,000 visits from 52,300 unique visitors. The property is zoned MX-M, offering flexibility for future development. This is a rare opportunity to acquire a high-performing retail asset in a thriving Albuquerque market.