Legacy Shops @ Journal Center
5161 Lang Ave NE, Albuquerque, NM, 87109
ID dc57a1ba
Overview
Retail Strip Center Investment – Shadow Anchored by Strong Performing Bass Pro Shops7.5% CAP | High Volume IntersectionCBRE, Inc. is pleased to offer this one of kind retail strip center investment located in the north Albuquerque, highly desirable Journal Center submarket. Shadow anchored by a top Bass Pro Shops and surrounded by Class A office and multi-family developments, Legacy @ Journal Center Shops caters to wide breadth of consumers in the vicinity and those traveling for the Bass Pro experience. Offered at a very attractive 7.5% cap, the investment provides ample positive leverage and predictable annual cash on cash return.Sale Price: $3,930,0007.5% Cap Retail Strip Center Investment100% OccupiedAnnual Rent Growth delivers mid 8% annual cash on cash returnEstablished and stable tenancyHighly desirable sub-market & Interstate location
