100% Leased Nob Hill Freestanding Building For Sale

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1 Consuelo Horne -absolute.net % Leased Nob Hill Freestanding Building For Sale Sale Price: $300,000 NOI: $22,105 Cap Rate: 7.37% Building Size: +/ SF Acres: +/ Zoning: CCR-3 Features: Lease Type Modified Gross Free Standing Building Excellent CCR-3 Zoning allows a variety of uses Leased until 2021 Large Parking Lot Close to Central Ave Newer HVAC & Plumbing The information contained herein is believed to be reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

2 Site Close Up This property is located on Jefferson St, right off of Central Ave in the Nob Hill area. Central Ave, Old Route 66, is one of the busiest streets in the heart of Albuquerque, NM. Jefferson serves a residential population to the north and the day-time population of local businesses. This property had HVAC and Plumbing done within the last 2 years. Large parking lot. Property has a CCR-3 zoning. Tenant is Twin City Optical a division of Essilor Labs. Central provides access to the University Area. This area has a variety of retail. Central avenue is a main arterial in Albuquerque and runs the entire eastwest length of the city. It provides highly necessary access to I-25. Area co-tenants include: Firestone, Bank of America, Media Arts Center, Oneill s Pub.

3 Trade Area Trade Area Demographics Radius 1 Mile 3 Mile 5 Mile Population (2017 Estimate) 14, , ,170 Avg HH Income (2017) $66,120 $49,332 $52,568 Employees in 1 Mile 11, , ,843 Businesses 1,598 11,366 22,430 Annual Consumer Spending 1.7 M 1 B 2.3 B University of NM 1.3mi from the Property S i l v e r A v e S E S i l v e r A v e S E

4 Financial Summary and Tenant Info Twin City Optical is a long term tenant. The original lease term start date was June Current Lease term expires July 31, 2021 with one 6 year option.

5 Albuquerque, New Mexico MSA Albuquerque MSA New Mexico

6 Albuquerque MSA Albuquerque is located in the Rio Grande Valley, and is shadowed by the majestic Sandia Mountains. The metro area has a population of approximately 900,000 people with a projected growth rate of 7.2% over the next 2.5 years. Rio Rancho, a suburb of Albuquerque with a population of 89,900, has experienced explosive growth of over 65% from 2, , is the fastest growing city in New Mexico, and one of the fastest growing cities in the United States. Albuquerque MSA Demographics Population (2015 Estimate) 907,679 Households (2015 Estimate) 357,434 Avg. Household Income (2015 Estimate) $65,193 Albuquerque is home to the University of New Mexico (UNM) and the University of New Mexico Hospital (UNMH) which together employ 20,210 people. Kirtland Air Force Base and Sandia National employ a high-tech, educated work force of about 23,000 people. Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande river valley. Some key technology based employers include Sandia National Laboratories, Intel, Raytheon, Northrup Grumman, and Titan Aerospace (recently purchased by Google). Albuquerque is a regional center for transportation, health care and medical services, government agencies, nuclear research, banking, and tourism. Albuquerque is host to the world famous Albuquerque International Balloon Fiesta which draws over 1,000,000 visitors per year. Albuquerque is less than 1 hour from the world famous tourist destination of Santa Fe, has year round outdoor activities and consistently wins awards for quality of life, and low cost of living,. Albuquerque is ranked as one of Forbes Best Cities for Business.

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