Sportsman's Warehouse STNL for sale, Albuquerque NM
Listing was updated at: 10/16/2019
Property Overview
Price/Rent PSF $ 7,715,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 48,211
Date Available 10/16/2019
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Floors 1
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Description

Location
Established retail power district near downtown Albuquerque and just off I-25 in center of city. Montgomery Blvd. interchange off I-25. The Renaissance Center includes Costco, Home Depot and Office Depot along with the subject property - Sportsman's Warehouse.

Sale
Sportsman's Warehouse building for sale with a fresh 10 year extension on an original 15 year lease. 10 year lease extension begins 9/1/2019. Absolute triple net lease, with Tenant paying for maintenance, property tax and property insurance. Lease adjusts in mid-term by 5%. Three five year extension options with 10% rent escalations thereafter. Originally built in 2004 specifically for Sportsman's Warehouse. It is located in the Renaissance Center shopping district with complementary retail stores generating high traffic from consumers Central Albuquerque location in desirable retail area.

Location