Starbucks @ Sandia Square

11321 Montgomery Blvd, Albuquerque, NM

Investment Highlights

  • Brand New 10-Year Corporate Lease With Starbucks (S&P A-)
  • 10% Rental Increases Every 5 Years
  • 2015 Build
  • Hard Corner Location at Signalized Intersection
  • Densely Populated Albuquerque, NM - 51,423 Residents within a 3-Mile Radius
  • Average Household Income Exceeds $73K within a 3-Mile Radius
  • 3 Schools Within One Mile: CNM (5,000 Students); Eldorado High School (2,000 Students); Eisenhower Middle School (1,000 Students)
  • Investment Overview

    Starbucks is located at the NWC of Montgomery & Cairo, Albuquerque, NM. The subject property is a 2,000 square-foot single tenant building on an estimated .24 acres of land. The landlord is responsible for roof and structure. Tenant pays $2.70 psf for taxes, insurance and maintenance. The 10-year lease commencement began December 2015. The lease includes four 5-year options with ten percent rental increases every five years. Starbucks (NASDAQ: SBUX) operates over 23,000 retail stores in +64 countries.

    Neighboring Development: Sprouts, Walmart Neighborhood Market, Sandia Area Credit Union, Il Vicino, Zorba's, Menchie's, Bank of America, Dollar Tree, Eldorado High School, CNM and more.

    Building Area: 2,000 sf

    Land size: 31,246 sf

    Contact a Broker about this Property

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

    Starbucks @ Sandia Square

     

     


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