FOR SALE NEW WALMART OUTPARCEL SHOPS - … · 2017-09-22 · 801 eerson St. NE ... Mattress STORE THE NEW WALMART OUTPARCEL SHOPS SEQ COORS BLVD. & RIO BRAVO BLVD. ALBUQUERQUE, NM

6801 Jefferson St. NE Albuquerque, NM 87109 t: 505 878 0001 f: 505 878 0002 www.gotspaceusa.com

BRETT HILLS [email protected]

505 998 1648

MattressSTORE

THE

NEW WALMART OUTPARCEL SHOPS SEQ COORS BLVD. & RIO BRAVO BLVD. ALBUQUERQUE, NM

FOR SALE

PRICE: $5,100,000

CAP RATE: 6.9%

� Brand new retail center

� Exceptional, low risk tenant mix

� New, long term leases in place

� Excellent street presence and visibility

� Signalized intersection at Walmart entrance

� In between Walmart and ±500,000 SF under construction power center

To view property video visit NAI Maestas & Ward

CLICK HERE

http://www.gotspaceusa.com/properties/nec-coors-blvd-lamonica-rd-albuquerque-nm-for-sale/#.VcTFHPlVhBc


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The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it form NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NAI Maestas & Ward has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Principals of the seller are licensed NM Real Estate brokers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT AN NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

DISCLOSURE STATEMENT


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PROPERTY

TABLE OF CONTENTS

Property Summary . . . . . . . . . 4

Tenant Descriptions . . . . . . . . 6

Rent & Expense Summary . . . . . . . 7

Site Plan . . . . . . . . . . . 8

Location Map . . . . . . . . . . 9

Demographics . . . . . . . . 10

Rent Roll . . . . . . . . . . 11


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Location: Northeast Corner of Coors Blvd. and Lamonica Rd.

Address: 3510 Coors Blvd. SW Albuquerque, NM

Legal Description: TR 1-A-2-B PLAT OF TRS 1-A-2-A, 1-A-2-B & 1-A-2-C LANDS OFLAMONICA & WENK & TR 1-A-2-C PLAT OF TRS 1-A-2-A, 1-A-2-B & 1-A-2-C LANDS OFLAMONICA & WENK

Building Size: Deemed to be ±10,140 SF

Land Size: Deemed to be ±1.192 Acres

Construction Type: Frame/Stucco

Date Built: 2014

Price: $5,100,000

Cap Rate: 6.9%

Net Operating Income: $353,030

Comments: Exceptional, Low Risk Tenant Mix New, Long Term Leases In Place Excellent Street Presence and Visibility Signalized intersection at Walmart Entrance

PROPERTY SUMMARY


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Lamonica Shopping Center

The Lamonica Shops are located at the most significant signalized hard corner intersection in Southwest Albuquerque. Coors Boulevard is the highest traveled north/south thoroughfare through Albuquerque and Rio Rancho. Rio Bravo is the one of the seven river crossings linking the Eastside to the targeted growth area of the Westside of Albuquerque. There are 10,000+ weekly shoppers at the adjacent Walmart. The nearest significant retail cluster is Coors Blvd. & 1-40; a sixteen minute drive time and 6.8 miles in distance each way. The Lamonica Shops are adjacent to Las Estancias, a developing ±500,000 SF regional power center with the following tenants: McDonald’s, Dion’s, NM Bank & Trust, NM Educators Federal Credit Union, Carmike Cinemas (12 screens and IMAX), Planet Fitness, and Panda Express. The regional location draws from core population base of 137,410 (2013) in a five mile radius.

PROPERTY SUMMARY


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The Mattress Store is owned and operated by Ricardo Solano who has over 20 years of experience in the mattress industry. Mr. Solano signed and guaranteed the Lease. Five years ago Mr. Solano founded The Mattress Store which has grown to fifteen locations in Texas and New Mexico. Through their strong manufacturer relationships The Mattress Store is able to deliver name brand mattresses at lower price points than their competition. Guarantor: Ricardo Solano

For over 20 years, the Cash Store has provided emergency cash loans to help customers finance unexpected expenses. The Cash Store offers a series of payday loans to qualified customers with no credit history or credit score required. In business since 1996, they have expanded to over 320 locations in seven states.Guarantor: None

Specializing in the highest quality dental care for children and teenagers in the State of New Mexico since 2007. With approximately 3,500 square feet, this will be their third location. This dentist office is unlike any other; it offers entertainment and activities for children before and during their visit. Many of the dentists’ chairs include HD monitors for viewing movies.Guarantor: Spencer T. Tasker, an individual; Jim Tasker, an individual; Ganon Rowan, an individual; and Cameron Hatch, an individual, jointly and severally.

Considered to be the largest wireless telecommunications provider in the US, providing wireless services to over 125 million subscribers. Headquartered in Basking Ridge, New Jersey, they have over 2,000 locations throughout the US. They recently expanded their portfolio to include a wireless home phone service to compete directly with landline services from local carriers, a wireless video on demand and entertainment delivery system and even team up with General Motors to offer video chat and streaming content to automobile passengers.

Ensignal is a premier Verizon Wireless Retailer and has provided its customers with communication solutions for over 50 years. They began their business of serving telephone customers in 1950 and are providing similar solutions for customers through wireless products and services. With such a sound foundation and expertise in the communications industry, Ensignal utilizes the Nation’s most reliable network by specializing in local, personalized and professional services to meet the needs of individuals and businesses. Ensignal has 90 stores located in Arizona, California, Colorado, New Mexico, Nevada, South Dakota, Utah and Wyoming.Guarantor: Ensignal

MattressSTORE

THE

TENANT DESCRIPTIONS


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RENT & EXPENSE SUMMARY

Annual

Scheduled Rent $353,030.00

Gross Scheduled Rent $353,030.00

Expense Reimbursement Insurance $3,050.85

Real Estate Taxes $15,864.41

CAM $32,071.90

Total Expense Reimbursement $50,987.16

Total Gross Income $404,017.16

Estimated Operating Expenses Insurance $3,050.85 Real Estate Tax $15,864.41 CAM Management Fees (5%) $17,651.50 Landscape $3,900.00 Repairs $2,042.76 Electric $2,691.72 Phone for Alarm $2,437.20 Alarm Monitoring (Qtrly) $449.40 Water $2,899.32 Total CAM $32,071.90

TOTAL OPERATING EXPENSES $50,987.16

NET OPERATING INCOME $353,030.00

*Estimated 2015 Budget


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29,

100

Coor

s Bl

vd.

Lamonica Rd.

MattressSTORE

THE

6801 Jefferson St. NE � Albuquerque, NM 87109 � t: 505 878 0001 � f: 505 878 0002 � www.gotspaceusa.com

SITE PLAN


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Kirtland Air Force Base

PetroglyphNational Monument

25

25

4040

Gibson Blvd.

Lomas Blvd.

Central Ave.

Unse

r Blvd

.

Paseo del Norte

Montgomery Blvd.

Dennis Chavez Blvd.

Coor

s Bl

vd.

S I T E

7.8 miles or 12 min. to I-25

LOCATION MAP


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Demographic and Income Profile3600 Coors Blvd SW, Albuquerque, New Mexico, 87121 11 Prepared by Esri3600 Coors Blvd SW, Albuquerque, New Mexico, 87121 Latitude: 35.02511Ring: 1 mile radius Longitude: -106.71370

Summary Census 2010 2015 2020Population 6,083 5,889 5,821Households 1,972 1,934 1,921Families 1,515 1,468 1,446Average Household Size 3.07 3.03 3.02Owner Occupied Housing Units 1,523 1,487 1,483Renter Occupied Housing Units 449 447 438Median Age 30.3 31.0 32.4

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation -0.23% 0.46% 0.75%Households -0.13% 0.50% 0.77%Families -0.30% 0.34% 0.69%Owner HHs -0.05% 0.52% 0.70%Median Household Income 3.25% 2.64% 2.66%

2015 2020 Households by Income Number Percent Number Percent

<$15,000 212 11.0% 193 10.0%$15,000 - $24,999 405 20.9% 297 15.5%$25,000 - $34,999 227 11.7% 220 11.5%$35,000 - $49,999 259 13.4% 277 14.4%$50,000 - $74,999 411 21.3% 445 23.2%$75,000 - $99,999 189 9.8% 211 11.0%$100,000 - $149,999 156 8.1% 185 9.6%$150,000 - $199,999 61 3.2% 75 3.9%$200,000+ 15 0.8% 18 0.9%

Median Household Income $40,995 $48,115Average Household Income $53,152 $59,968Per Capita Income $17,020 $19,297

Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent

0 - 4 513 8.4% 486 8.2% 476 8.2%5 - 9 522 8.6% 467 7.9% 445 7.6%10 - 14 525 8.6% 474 8.0% 448 7.7%15 - 19 517 8.5% 462 7.8% 421 7.2%20 - 24 475 7.8% 470 8.0% 400 6.9%25 - 34 881 14.5% 938 15.9% 984 16.9%35 - 44 781 12.8% 716 12.2% 765 13.1%45 - 54 796 13.1% 702 11.9% 611 10.5%55 - 64 551 9.1% 590 10.0% 621 10.7%65 - 74 341 5.6% 367 6.2% 398 6.8%75 - 84 143 2.4% 171 2.9% 203 3.5%

85+ 38 0.6% 48 0.8% 49 0.8%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 3,357 55.2% 3,214 54.6% 3,156 54.2%Black Alone 129 2.1% 124 2.1% 122 2.1%American Indian Alone 127 2.1% 128 2.2% 133 2.3%Asian Alone 44 0.7% 45 0.8% 47 0.8%Pacific Islander Alone 12 0.2% 11 0.2% 11 0.2%Some Other Race Alone 2,176 35.8% 2,131 36.2% 2,114 36.3%Two or More Races 238 3.9% 235 4.0% 237 4.1%

Hispanic Origin (Any Race) 4,923 80.9% 4,811 81.7% 4,816 82.7%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020.

August 14, 2015

©2015 Esri Page 1 of 6


Summary Census 2010 2015 2020Population 6,083 5,889 5,821Households 1,972 1,934 1,921Families 1,515 1,468 1,446Average Household Size 3.07 3.03 3.02Owner Occupied Housing Units 1,523 1,487 1,483Renter Occupied Housing Units 449 447 438Median Age 30.3 31.0 32.4

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation -0.23% 0.46% 0.75%Households -0.13% 0.50% 0.77%Families -0.30% 0.34% 0.69%Owner HHs -0.05% 0.52% 0.70%Median Household Income 3.25% 2.64% 2.66%


<$15,000 212 11.0% 193 10.0%$15,000 - $24,999 405 20.9% 297 15.5%$25,000 - $34,999 227 11.7% 220 11.5%$35,000 - $49,999 259 13.4% 277 14.4%$50,000 - $74,999 411 21.3% 445 23.2%$75,000 - $99,999 189 9.8% 211 11.0%$100,000 - $149,999 156 8.1% 185 9.6%$150,000 - $199,999 61 3.2% 75 3.9%$200,000+ 15 0.8% 18 0.9%



0 - 4 513 8.4% 486 8.2% 476 8.2%5 - 9 522 8.6% 467 7.9% 445 7.6%10 - 14 525 8.6% 474 8.0% 448 7.7%15 - 19 517 8.5% 462 7.8% 421 7.2%20 - 24 475 7.8% 470 8.0% 400 6.9%25 - 34 881 14.5% 938 15.9% 984 16.9%35 - 44 781 12.8% 716 12.2% 765 13.1%45 - 54 796 13.1% 702 11.9% 611 10.5%55 - 64 551 9.1% 590 10.0% 621 10.7%65 - 74 341 5.6% 367 6.2% 398 6.8%75 - 84 143 2.4% 171 2.9% 203 3.5%

85+ 38 0.6% 48 0.8% 49 0.8%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 3,357 55.2% 3,214 54.6% 3,156 54.2%Black Alone 129 2.1% 124 2.1% 122 2.1%American Indian Alone 127 2.1% 128 2.2% 133 2.3%Asian Alone 44 0.7% 45 0.8% 47 0.8%Pacific Islander Alone 12 0.2% 11 0.2% 11 0.2%Some Other Race Alone 2,176 35.8% 2,131 36.2% 2,114 36.3%Two or More Races 238 3.9% 235 4.0% 237 4.1%



August 14, 2015



Summary Census 2010 2015 2020Population 69,752 71,747 73,180Households 21,323 22,065 22,533Families 16,697 17,094 17,337Average Household Size 3.25 3.24 3.23Owner Occupied Housing Units 16,812 17,334 17,708Renter Occupied Housing Units 4,511 4,731 4,825Median Age 29.1 30.1 30.9

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 0.40% 0.46% 0.75%Households 0.42% 0.50% 0.77%Families 0.28% 0.34% 0.69%Owner HHs 0.43% 0.52% 0.70%Median Household Income 2.21% 2.64% 2.66%


<$15,000 3,296 14.9% 3,096 13.7%$15,000 - $24,999 3,590 16.3% 2,639 11.7%$25,000 - $34,999 2,747 12.4% 2,592 11.5%$35,000 - $49,999 3,897 17.7% 4,404 19.5%$50,000 - $74,999 4,411 20.0% 4,937 21.9%$75,000 - $99,999 2,060 9.3% 2,361 10.5%$100,000 - $149,999 1,469 6.7% 1,773 7.9%$150,000 - $199,999 455 2.1% 560 2.5%$200,000+ 141 0.6% 171 0.8%



0 - 4 6,429 9.2% 6,492 9.0% 6,674 9.1%5 - 9 6,497 9.3% 6,182 8.6% 6,290 8.6%10 - 14 6,206 8.9% 6,126 8.5% 6,112 8.4%15 - 19 5,839 8.4% 5,487 7.6% 5,503 7.5%20 - 24 5,155 7.4% 5,482 7.6% 4,843 6.6%25 - 34 11,208 16.1% 11,839 16.5% 12,236 16.7%35 - 44 9,221 13.2% 9,524 13.3% 10,637 14.5%45 - 54 8,363 12.0% 8,226 11.5% 7,489 10.2%55 - 64 5,799 8.3% 6,368 8.9% 6,653 9.1%65 - 74 3,061 4.4% 3,882 5.4% 4,315 5.9%75 - 84 1,567 2.2% 1,667 2.3% 1,902 2.6%

85+ 407 0.6% 471 0.7% 528 0.7%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 40,140 57.5% 40,690 56.7% 41,185 56.3%Black Alone 1,647 2.4% 1,668 2.3% 1,682 2.3%American Indian Alone 2,041 2.9% 2,219 3.1% 2,387 3.3%Asian Alone 487 0.7% 530 0.7% 564 0.8%Pacific Islander Alone 49 0.1% 48 0.1% 47 0.1%Some Other Race Alone 22,434 32.2% 23,465 32.7% 24,078 32.9%Two or More Races 2,954 4.2% 3,128 4.4% 3,237 4.4%



August 14, 2015



Summary Census 2010 2015 2020Population 135,386 138,193 140,990Households 43,455 44,536 45,453Families 32,476 32,898 33,329Average Household Size 3.10 3.09 3.09Owner Occupied Housing Units 31,816 32,455 33,118Renter Occupied Housing Units 11,639 12,081 12,335Median Age 30.1 31.1 31.8

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 0.40% 0.46% 0.75%Households 0.41% 0.50% 0.77%Families 0.26% 0.34% 0.69%Owner HHs 0.41% 0.52% 0.70%Median Household Income 2.26% 2.64% 2.66%


<$15,000 8,115 18.2% 7,664 16.9%$15,000 - $24,999 6,842 15.4% 5,044 11.1%$25,000 - $34,999 5,899 13.2% 5,588 12.3%$35,000 - $49,999 7,524 16.9% 8,512 18.7%$50,000 - $74,999 8,212 18.4% 9,228 20.3%$75,000 - $99,999 3,967 8.9% 4,562 10.0%$100,000 - $149,999 2,757 6.2% 3,361 7.4%$150,000 - $199,999 822 1.8% 1,006 2.2%$200,000+ 399 0.9% 487 1.1%



0 - 4 12,138 9.0% 12,119 8.8% 12,393 8.8%5 - 9 12,187 9.0% 11,620 8.4% 11,748 8.3%10 - 14 11,397 8.4% 11,372 8.2% 11,419 8.1%15 - 19 10,967 8.1% 10,123 7.3% 10,350 7.3%20 - 24 9,847 7.3% 10,329 7.5% 9,081 6.4%25 - 34 21,384 15.8% 22,303 16.1% 22,855 16.2%35 - 44 17,717 13.1% 18,099 13.1% 20,086 14.2%45 - 54 16,636 12.3% 16,121 11.7% 14,679 10.4%55 - 64 12,143 9.0% 13,271 9.6% 13,703 9.7%65 - 74 6,497 4.8% 8,098 5.9% 9,306 6.6%75 - 84 3,451 2.5% 3,603 2.6% 4,141 2.9%

85+ 1,023 0.8% 1,137 0.8% 1,228 0.9%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 77,292 57.1% 77,694 56.2% 78,662 55.8%Black Alone 3,206 2.4% 3,198 2.3% 3,207 2.3%American Indian Alone 4,299 3.2% 4,594 3.3% 4,909 3.5%Asian Alone 938 0.7% 1,032 0.7% 1,110 0.8%Pacific Islander Alone 99 0.1% 97 0.1% 96 0.1%Some Other Race Alone 43,692 32.3% 45,441 32.9% 46,656 33.1%Two or More Races 5,861 4.3% 6,138 4.4% 6,350 4.5%



August 14, 2015


1 mi. 3 mi. 5 mi.

DEMOGRAPHICS

FOR SALE NEW WALMART OUTPARCEL SHOPS - … · 2017-09-22 · 801 eerson St. NE ... Mattress STORE THE NEW WALMART OUTPARCEL SHOPS SEQ COORS BLVD. & RIO BRAVO BLVD. ALBUQUERQUE, NM

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