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The Levy Retail Group and Institutional Property Advisors have been selected to exclusively market for sale the fee simple interest in Hobby Lobby | Mor Furniture | HomeLife located at the intersections of State Highway 45 (Coors Bypass Boulevard), State Route 528, and Coors Road in Albuquerque, New Mexico. The offering includes 157,930 square feet on an approximate 9.1-Acre parcel to the 1,051,846 square foot super regional Cottonwood Mall. A 0.5-Acre out-parcel suitable for various retail and commercial development is available for an additional $800,000.
- THREE-TENANT RETAIL ANCHOR – Hobby Lobby | Mor Furniture | HomeLife Furniture
- AVAILABLE 0.5-ACRE PAD SITE – Future Upside Potential
- 100% OCCUPIED – Reliable, high traffic draw retailers with 10+ Years Leases
- ANCHOR TO COTTONWOOD MALL – The Second-Largest Shopping Center in the State of New Mexico – Serves 350,000 Consumers Annually
- SUPERIOR LOCATION IN ONE OF THE CITY’S PREMIER RETAIL HUBS – Part of the Desirable Cottonwood Submarket
- TRAFFIC COUNTS – Within preeminent retail corridor inside State Highway 45 and Coors Road that carries an average vehicle count of over 73,400 vehicles per day, cumulatively
- COMPETITIVELY PRICED BELOW REPLACEMENT COST – Purchase Price is $100.61 PSF
