


11296 Lomas Blvd NE
Albuquerque, NM
Price:
$2,196,481
Cap Rate:
5.50%
NOI:
$122,003
Ownership Type:
Fee Simple
Building Size:
7,060 SF
Lot Size:
1.17 Acres
Lease Type:
Absolute NNN
Term Remaining:
12 Years
Rent Increases:
Annual CPI (1% Min - 2% Max)
Lease Options:
4, 5 Year
Guarantor:
Corporate
The vast majority of single tenant dialysis properties operate under double net leases that require landlords to maintain certain capital improvements such as the roof, structure and parking lot. The subject property offers a very rare absolute NNN lease for a corporately guaranteed single tenant dialysis property with no management or maintenance responsibilities whatsoever.
The property benefits from a dense concentration of national tenants, including a Walmart Supercenter, Target, Sam’s Club, Best Buy, Chase Bank, Taco Bell, Applebee’s, Dollar Tree, Chevron, Panda Express, as well an abundance of nationally-recognized hotel chains including Day’s Inn, Ramada Suites, Econo Lodge and many more.
Within a 1-mile radius, the average household income is $80,766, and the 5- mile population exceeds 244,770. Albuquerque has experienced steady growth with a 3.3% population increase from 2010-2020.
View OMSubmit To View OMSenior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Investment Sales
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com