136 Washington St SE

Overview

PHOTOS IN THE WORKS Stabilized investment opportunity in Albuquerque's Nob Hill/University submarket featuring a long-term established tenant and contractual income growth. The approximately 4,920 SF offering consists of Suites I, J, K and L at 136 Washington St. SE and is 100% occupied by New Mexico School of Music under a 10-year lease extending through December 2034.The lease provides 3% annual base rent increases throughout the remaining term, providing an investor with predictable contractual income growth. Tenant pays utilities and contributes monthly CAM pursuant to the lease. Located just south of Central Avenue with convenient access to Nob Hill, the University of New Mexico, major transportation corridors and the Albuquerque International Sunport. An attractive opportunity for investors seeking an established tenant, long-term lease security and scheduled annual rent growth.