Starbucks @ Nob Hill

3400 Central Ave SE, Albuquerque, NM 87106

SOLD

Investment Highlights

  • 6 years left on 25 year term. Opened July 28,1997
  • 4 five year options with 10% rental increase every 5 years
  • Single net lease. Tenant reimburses landlord for taxes
  • Landmark location in eclectic Nob Hill Trade Area
  • Densely Populated Albuquerque, NM - 51,423 Residents Within a 3-Mile Radius
  • Nob Hill Entertainment District with over 100 Restaurants and 75,000sf of eclectic retail
  • 2 Universities Within One Mile: University of New Mexico (27,000 Students); Central New Mexico Community College (28,000 Students)
  • Investment Overview

    Starbucks, at the SEC of Central Ave & Tulane, sits in a highly visible and desirable location in the heart of Nob Hill. The subject property is a 1,400sf single tenant building. The Landlord is responsible for roof, structure and insurance. Taxes are paid by the Landlord and reimbursed by Starbucks. Starbucks (NASDAQ: SBUX) operates over 23,000 retail stores in 64 countries.

    Central Avenue, known to many as old Route 66, has a distinctive and storied history. It was and still is, Albuquerque's original "Main Street", carrying countless Americans coast to coast for the last 100 years thus creating Nob Hill's distinctive character and blend of architecture and appeal. With walkability of nearby shopping, restaurants, and drinking establishments supporting University of New Mexico, CNM, and surrounding neighborhoods, Nob Hill continues to be one of the best retail centers in the City of Albuquerque.

    Area Tenants:The University of New Mexico, Scalo, Slice Parlor, Tractor Brewing, Arby's, Boba Tea Company, Urban Outfitters, La Montanita Co-Op & more.

    Building Area: 1,400 sf, Patio 230 sf

    Land size: 8,735 sf

    Contact a Broker about this Property

    Lisa Allen-Urrea, Vice President - Office: (505) 855-7650

    Keenan Urrea, Associate Broker- Office: (505) 855-7650

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