Property tours are available by appointment ONLY. Please contact Christopher Ryan to schedule at chris.ryan3@cbre.com or 602-735-5828. Investment Highlights: ±4,750 SF freestanding retail building on .72 AC parcel Absolute NNN lease w/ 7 years remaining on initial term and one 5 year option 10% rent escalation at year 6 National tenant with 1,400 locations in 16 states Diversified demand drivers in the area with minimal future capital costs 1 parcel from busiest thoroughfare in area opposite Walmart and Walgreens Investment Overview: TitleMax Albuquerque(the “Property”) is a single tenant NNN lease retail building located at 5200 Central Ave SE in Albuquerque, New Mexico. The tenant, TitleMax, has 7 years remaining on a 10 year base lease term and features a rent increase after year 5. The initial term is followed by one 5 year option which also has a rent increase. The Property is a freestanding building totaling ±4,750 SF and situated one parcel west of the SWC of San Mateo and Central Avenues on .72 acres. Central Ave is one of the busiest thoroughfares in Albuquerque and the intersection with San Mateo Blvd experiences ±64,695 vehicles per day. Also located at this intersection is the New Mexico Motor Vehicle Division which attracts a host of vehicle-oriented users to the area. The subject is located in a densely populated area with 256,873 residents and 253,676 daytime employees in a 5 mile radius. The site is surrounded by national retailers such as Walmart Supercenter, Pep Boys, Jack in the Box, AutoZone, McDonald’s, Walgreens and others. TitleMax is one of the nation’s largest and most reputable title lending companies. Since its inception in 1998, TitleMax has expanded to over 1,400 stores spanning 16 states, which are comprised of the TitleMax, TitleBucks and Insta Loan brands. TitleMax strives to offer loan rates that are much lower than the industry standard, while providing a superior level of customer service. The Albuquerque metropolitan area spans Bernalillo, Sandoval, Torrance and Valencia counties. The metro has grown by more than 25 percent since 2000, to nearly 913,000 citizens. Albuquerque is the largest city with roughly 559,900 residents, followed by Rio Rancho. The Property is also positioned between the natural traffic drivers of The University of New Mexico and The Albuquerque Downs Racetrack & Casino. TitleMax Albuquerque offers investors the chance to purchase a highly dependable, passive income stream with fixed rental escalations in the popular University neighborhood surrounded by natural draws.
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Retail Space
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