for sale: retail shopping center offering memorandum · 3527-3543 gibson blvd. se | albuquerque, nm...

Offering Memorandum

PRESENTED BY:

6801 Jefferson NE | Albuquerque, NM 87109 | www.gotspaceusa.com

505 878 0001

IN THE TRENDING GIBSON & CARLISLE BLVD. TRADE AREA3527-3543 Gibson Blvd. SE | Albuquerque, NM 87106

FOR SALE: Retail Shopping Center

Gilbert [email protected]

505 280 7069

Eddie [email protected]

505 217 8805

HUB ZoneThis property is in a A U.S. Small Business Administration (SBA) program

for small companies that operate and employ people in Historically Underutilized Business Zones. Click for details.

https://uscontractorregistration.com/hubzone-program-registration/

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving from NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This marketing brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

NAI Maestas & Ward has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this marketing brochure has been obtained from sources we believe to be reliable. However, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

Disclaimer

Offering Memorandum | 3

Property Description

The property is conveniently located at the northeast corner of Gibson and Carlisle Blvds. in Albuquerque, New Mexico. A total of five retail spaces combine to make ±8,303 square feet and sit on ±0.65 acres with access from both Gibson & Carlisle Blvds.

The shopping center sees ±44,000 cars pass each day and serves a trade area of more than 80,000 people across a 3-mile radius of Albuquerque.

This center is located within three miles of more than 90,000 daytime employees, most from major employers such as Sandia National Laboratories, Kirtland Air Force Base, Albuquerque International Sunport and the VA Medical Center.

The future Thunderbird Kirtland Development, set to break ground in the Summer of 2019 across the intersection, is a 77-acre “town center-styled” development with retail, hotels, restaurants, office and research & development space.

This property is located in a HUB Zone. The Historically Underutilized Business Zones (HUB Zone) program was established by the SBA to help small businesses in both urban and rural communities. Unlike other set-asides, such as WOSB, VOSB, and 8(a), the HUBZone set-aside has to do more with the location of the business.

3527-3543 Gibson Blvd. SE | Albuquerque, NM 87106

Property



Location NWC of Carlisle & Gibson Blvds. Located in a HUB Zone

Address 3527-3543 Gibson Blvd. SE Albuquerque, NM 87106

Total Building Size 5 spaces totaling ±8,303 SF

Land Size ±0.65 Acres

Offering Summary

IDO ZoningMX-L, Low Intensity

Construction TypeFrame/Stucco

Sale Price $450,000

Total SF ±8,303

Price/SF $54.20

Current Net Operating Income $33,768

Cap Rate 7.5%Paseo Del Norte

Academy Rd.

Paseo Del Norte

Northern Blvd.

Unse

r Blv

d.

Paseo Del Volcan

Southern Blvd.

Rio Bravo Blvd.

Bridge Blvd.

98th

St.

Montgomery Blvd.

Menaul Blvd.

Lomas Blvd.

Osuna Rd.

Coor

s Bl

vd.

Corr

ales

Rd.

Coor

s Bl

vd.

Rio

Gran

de B

lvd.

.dvlB at si V ocsi rt A

2nd

St.

2nd

St.

4th

St.

Unser B

lvd.

Unse

r Blv

d.

Unse

r Blv

d.

Montaño Rd.

Alameda Blvd.

Gibson Blvd.

Tramway Blvd.

Tramw

ay Blvd.

Juan Tabo Blvd.

Eubank Blvd.

Wyom

ing Blvd.

San Mateo Blvd.

Louisiana Blvd.

Central Ave.Central Ave.

25

25

40

Gibson Blvd.

Carlisle Blvd.

S I T E

Rio Rancho

Albuquerque

Bernalillo

Corrales

Property




Purchase Price $450,000.00

Total SF 8,303

Price/SF $54.20

Net Operating Income $33,768.00

Cap Rate 7.50%

2019 Projected Income Total $/SF

Projected Rent (100% Occupancy) 58,272.00 7.02

Vacancy Factor (16%) -9,324.00 -1.12

Adjusted Gross Income 48,948.00 5.90

Estimated Operating Expenses

Property Taxes 6,273.00 0.76

Management Fees (10%+NMGRT) 5,280.00 0.64

Repairs and Maintenance 1,682.00 0.20

Utilities on vacant unit 134.00 0.02

Insurance 1,811.00 0.22

Total Operating Expenses 15,180.00 1.83

Net Operating Income 33,768.00 4.07

Location Summary

Operating Summary



Site Aerial

Location

S I TE

Gibson Blvd.

Crest Ave.

Carli

sle B

lvd.

Amherst Dr.

CPD 38,100

CPD 5

,900

CPD 35,100

Kirtland Elementary

School

Future Thunderbird Kirtland Development

ALSO AVAILABLE:3501 Gibson Blvd.

±0.23 Acres ALSO AVAILABLE:3511 Gibson Blvd.

±0.31 Acres


3527-3543 Gibson Blvd. SE | Albuquerque, NM 87106 LocationSite Aerial

Gibson Blvd. Gibson Blvd.Ca

rlisl

e Bl

vd.

San Pedro Blvd.

Louisiana Blvd.

Wyom

ing Blvd.

Lomas Blvd.Lomas Blvd.

VA Medical Center±2,546 Employees

Kirtland Air Force Base±22,000 Employees

Uptown RetailCorridor

ExpoNew Mexico

University of New Mexico

University of New Mexico

South Campus

ABQ International Airport±3,000 Employees

Sandia National Labs±9,679 Employees

S I T E

Central Ave.

Central Ave.

4040

25

25

CPD 38,100

CPD 5

,900

CPD 35,100

FUTURE THUNDERBIRD KIRTLAND DEVELOPMENT77 Acres of “town center” styled develop-ment with ground floor retail, drive-thru,

hotels, restaurants, office and R&D space. Phase I breaks ground in Summer 2019.

San Mateo Blvd.


3527-3543 Gibson Blvd. SE | Albuquerque, NM 87106 Location1, 3 & 5 Mile Demographics

S I TE

1 Mile 3 Mile 5 Mile

Demographic and Income Profile3543 Gibson Blvd SE Prepared by Esri3543 Gibson Blvd SE, Albuquerque, New Mexico, 87106 Latitude: 35.05862Ring: 1 mile radius Longitude: -106.60462

Summary Census 2010 2018 2023Population 8,186 8,591 8,848Households 3,753 3,893 3,991Families 1,906 1,901 1,921Average Household Size 2.17 2.19 2.20Owner Occupied Housing Units 1,871 1,921 1,942Renter Occupied Housing Units 1,882 1,971 2,049Median Age 35.9 37.0 37.2

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 0.59% 0.43% 0.83%Households 0.50% 0.37% 0.79%Families 0.21% 0.20% 0.71%Owner HHs 0.22% 0.46% 1.16%Median Household Income 2.39% 2.07% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 615 15.8% 526 13.2%$15,000 - $24,999 478 12.3% 448 11.2%$25,000 - $34,999 487 12.5% 477 12.0%$35,000 - $49,999 485 12.5% 495 12.4%$50,000 - $74,999 677 17.4% 742 18.6%$75,000 - $99,999 412 10.6% 483 12.1%$100,000 - $149,999 407 10.5% 458 11.5%$150,000 - $199,999 145 3.7% 150 3.8%$200,000+ 184 4.7% 211 5.3%

Median Household Income $45,406 $51,103Average Household Income $67,667 $75,893Per Capita Income $30,580 $34,127

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 552 6.7% 520 6.1% 553 6.2%5 - 9 489 6.0% 479 5.6% 485 5.5%10 - 14 420 5.1% 454 5.3% 428 4.8%15 - 19 380 4.6% 455 5.3% 427 4.8%20 - 24 713 8.7% 623 7.3% 671 7.6%25 - 34 1,444 17.6% 1,509 17.6% 1,570 17.7%35 - 44 1,072 13.1% 1,152 13.4% 1,246 14.1%45 - 54 1,163 14.2% 1,045 12.2% 1,014 11.5%55 - 64 1,080 13.2% 1,145 13.3% 1,059 12.0%65 - 74 460 5.6% 755 8.8% 870 9.8%75 - 84 277 3.4% 308 3.6% 385 4.4%

85+ 134 1.6% 146 1.7% 142 1.6%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 5,860 71.6% 5,947 69.2% 5,989 67.7%Black Alone 355 4.3% 375 4.4% 390 4.4%American Indian Alone 402 4.9% 476 5.5% 530 6.0%Asian Alone 155 1.9% 181 2.1% 200 2.3%Pacific Islander Alone 7 0.1% 8 0.1% 8 0.1%Some Other Race Alone 987 12.1% 1,113 13.0% 1,192 13.5%Two or More Races 419 5.1% 491 5.7% 538 6.1%

Hispanic Origin (Any Race) 2,795 34.1% 3,162 36.8% 3,449 39.0%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

February 12, 2019

©2019 Esri Page 1 of 6





<$15,000 615 15.8% 526 13.2%$15,000 - $24,999 478 12.3% 448 11.2%$25,000 - $34,999 487 12.5% 477 12.0%$35,000 - $49,999 485 12.5% 495 12.4%$50,000 - $74,999 677 17.4% 742 18.6%$75,000 - $99,999 412 10.6% 483 12.1%$100,000 - $149,999 407 10.5% 458 11.5%$150,000 - $199,999 145 3.7% 150 3.8%$200,000+ 184 4.7% 211 5.3%



0 - 4 552 6.7% 520 6.1% 553 6.2%5 - 9 489 6.0% 479 5.6% 485 5.5%10 - 14 420 5.1% 454 5.3% 428 4.8%15 - 19 380 4.6% 455 5.3% 427 4.8%20 - 24 713 8.7% 623 7.3% 671 7.6%25 - 34 1,444 17.6% 1,509 17.6% 1,570 17.7%35 - 44 1,072 13.1% 1,152 13.4% 1,246 14.1%45 - 54 1,163 14.2% 1,045 12.2% 1,014 11.5%55 - 64 1,080 13.2% 1,145 13.3% 1,059 12.0%65 - 74 460 5.6% 755 8.8% 870 9.8%75 - 84 277 3.4% 308 3.6% 385 4.4%

85+ 134 1.6% 146 1.7% 142 1.6%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 5,860 71.6% 5,947 69.2% 5,989 67.7%Black Alone 355 4.3% 375 4.4% 390 4.4%American Indian Alone 402 4.9% 476 5.5% 530 6.0%Asian Alone 155 1.9% 181 2.1% 200 2.3%Pacific Islander Alone 7 0.1% 8 0.1% 8 0.1%Some Other Race Alone 987 12.1% 1,113 13.0% 1,192 13.5%Two or More Races 419 5.1% 491 5.7% 538 6.1%



February 12, 2019




Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 0.32% 0.43% 0.83%Households 0.26% 0.37% 0.79%Families -0.06% 0.20% 0.71%Owner HHs 0.26% 0.46% 1.16%Median Household Income 2.49% 2.07% 2.50%


<$15,000 7,754 22.3% 6,560 18.6%$15,000 - $24,999 5,691 16.3% 5,376 15.2%$25,000 - $34,999 4,309 12.4% 4,336 12.3%$35,000 - $49,999 4,490 12.9% 4,707 13.3%$50,000 - $74,999 5,200 14.9% 5,849 16.6%$75,000 - $99,999 2,740 7.9% 3,292 9.3%$100,000 - $149,999 2,605 7.5% 2,925 8.3%$150,000 - $199,999 941 2.7% 979 2.8%$200,000+ 1,116 3.2% 1,274 3.6%



0 - 4 5,209 6.6% 4,906 6.1% 5,038 6.2%5 - 9 4,352 5.5% 4,380 5.5% 4,355 5.3%10 - 14 3,691 4.7% 3,947 4.9% 3,945 4.8%15 - 19 6,033 7.7% 5,684 7.1% 5,696 7.0%20 - 24 9,591 12.2% 8,288 10.3% 8,180 10.0%25 - 34 13,429 17.0% 14,600 18.2% 14,325 17.6%35 - 44 9,514 12.1% 9,666 12.0% 10,651 13.1%45 - 54 9,979 12.7% 8,807 11.0% 8,450 10.4%55 - 64 8,633 11.0% 9,168 11.4% 8,655 10.6%65 - 74 4,028 5.1% 6,264 7.8% 7,091 8.7%75 - 84 2,701 3.4% 2,812 3.5% 3,531 4.3%

85+ 1,621 2.1% 1,712 2.1% 1,616 2.0%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 52,238 66.3% 51,664 64.4% 51,540 63.2%Black Alone 3,639 4.6% 3,610 4.5% 3,632 4.5%American Indian Alone 4,430 5.6% 4,876 6.1% 5,242 6.4%Asian Alone 2,327 3.0% 2,589 3.2% 2,789 3.4%Pacific Islander Alone 89 0.1% 87 0.1% 86 0.1%Some Other Race Alone 12,229 15.5% 13,207 16.5% 13,796 16.9%Two or More Races 3,831 4.9% 4,201 5.2% 4,447 5.5%



February 12, 2019






<$15,000 16,089 19.5% 13,588 16.2%$15,000 - $24,999 12,487 15.2% 11,638 13.9%$25,000 - $34,999 10,023 12.2% 9,878 11.8%$35,000 - $49,999 11,660 14.2% 12,048 14.4%$50,000 - $74,999 14,456 17.5% 16,132 19.3%$75,000 - $99,999 7,264 8.8% 8,742 10.4%$100,000 - $149,999 6,337 7.7% 7,250 8.7%$150,000 - $199,999 1,943 2.4% 2,045 2.4%$200,000+ 2,138 2.6% 2,481 3.0%



0 - 4 12,880 6.8% 12,301 6.3% 12,618 6.4%5 - 9 11,406 6.0% 11,315 5.8% 11,366 5.7%10 - 14 10,175 5.4% 10,454 5.4% 10,613 5.3%15 - 19 13,268 7.0% 12,323 6.3% 12,464 6.3%20 - 24 18,802 9.9% 16,876 8.7% 16,405 8.3%25 - 34 30,584 16.1% 33,222 17.1% 32,518 16.4%35 - 44 23,279 12.3% 24,033 12.4% 26,273 13.2%45 - 54 25,050 13.2% 22,045 11.3% 21,292 10.7%55 - 64 21,069 11.1% 23,233 11.9% 22,278 11.2%65 - 74 11,177 5.9% 16,191 8.3% 18,504 9.3%75 - 84 7,939 4.2% 8,163 4.2% 9,843 5.0%

85+ 4,002 2.1% 4,399 2.3% 4,244 2.1%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 125,040 65.9% 124,485 64.0% 124,612 62.8%Black Alone 6,799 3.6% 6,819 3.5% 6,910 3.5%American Indian Alone 9,981 5.3% 11,081 5.7% 11,979 6.0%Asian Alone 4,736 2.5% 5,342 2.7% 5,774 2.9%Pacific Islander Alone 198 0.1% 191 0.1% 189 0.1%Some Other Race Alone 33,583 17.7% 36,447 18.7% 38,178 19.2%Two or More Races 9,296 4.9% 10,191 5.2% 10,777 5.4%



February 12, 2019


Albuquerque

for sale: retail shopping center offering memorandum · 3527-3543 gibson blvd. se | albuquerque, nm...

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