Marcus & Millichap has been selected to exclusively market for sale or lease the fee simple interest in the subject property located at the intersections of State Highway 45 (Coors Bypass Boulevard), State Route 528, and Coors Road at Cottonwood Mall in Albuquerque, New Mexico. The offering includes an approximate 0.534-acre land parcel positioned near the mall loop road and in between anchor stores Hobby Lobby, Mor Furniture and Conn’s HomePlus. Cottonwood Mall is a 1,051,846-square-foot, super regional mall, the state’s second-largest shopping center serving over 350,000 consumers annually.
The Property is a party to a Reciprocal Easement Agreement with Cottonwood Mall, a family friendly shopping destination anchored by Dillard’s, JCPenney, Hobby Lobby, Mor Furniture, HomeLife Furniture, and Conn’s HomePlus, with more than 130 retail, dining and entertainment options. The mall also features a state-of-the-art dog park and solar powered charging stations. The center is strategically located in one of Albuquerque’s premier retail hubs in the Cottonwood submarket, and is easily accessible from multiple ingress and egress points from both State Highway 45 and Coors Road. Cumulative traffic counts exceed 73,400 vehicles per day. Numerous other national and regional retailers are in the surrounding area, including The Home Depot, PetSmart, Walmart, World Market, Lowe’s Home Improvement, Costco, Sam’s Club, Kohl’s, At Home, Sprouts, and many more. Several school campuses are in close proximity, providing additional traffic to the area.
- EXTRAORDINARY DEVELOPMENT OPPORTUNITY – Property Consists of an Approximate 0.534-Acre Pad Site | Prime Location with Frontage to the Mall Loop Road
- COMPETITIVELY PRICED – Land Priced at $38.69 per Square Foot
- SUPERIOR LOCATION IN ONE OF THE CITY’S PREMIER RETAIL HUBS – Cottonwood Mall is the Second-Largest Shopping Center in the State of New Mexico – Serves 350K Consumers Annually
- STRONG ANCHOR TENANT LINEUP – The Mall Features Current Anchors Including Dillard’s, JCPenney, Conn’s HomePlus, HomeLife Furniture, Mor Furniture and Hobby Lobby
- HIGH 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
- DENSE RETAIL TRADE AREA – Numerous National and Regional Tenants in the Surrounding Area
- DESIRABLE DEMOGRAPHICS – Extremely Dense Residential Population Exceeding 586,600 People Within a 10-Mile Radius; Average Household Income is $98,209 within One Mile, $95,480 within Five Miles, and $84,063 within 10 Miles
