Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
Sale Price $2,145,721 • 7.9% CAP • 9,871 Total SF • 8 Suites • 2011 Construction
9101 High Assets Way NW, Albuquerque, NM 87108
FOR SALECOTTONWOOD NNN RETAIL INVESTMENT
Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
9101 High Assets Way NW, Albuquerque, NM 87108
Confidential Disclaimer
The information contained is believed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it.
It is your responsibility to independently confirm its accuracy and completeness. Any projection, opinion, assumption or estimated users are for example only and do not represent the
current or future performance of the property.
The value of this transaction to you depends on many factors which should be evaluated by your tax, financial, and legal counsel. You and your counsel should conduct a careful
independent investigation of the property to determine that it is suitable to your needs.
Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
9101 High Assets Way NW, Albuquerque, NM 87108
Executive Summary
Investment Highlights
Purchase Price:
Price Per Sq Ft:
NOI:
CAP Rate:
Lease Terms:
Lease Type:
Building Size:
Master Lease:
Population:
Households:
Average HH Income:
2017 Demographics
$2,145,721
$217 PSF
$169,512
7.9%
5+ Year Leases
NNN
10,362 SF
1 Year
1 Mile
11,528
4,303
$92,750
3 Mile
73,329
29,070
$85,139
5 Mile
179,583
70,481
$78,149
Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
9101 High Assets Way NW, Albuquerque, NM 87108
Tenant Mix
Suite 101 Suite 102 Suite 103 Suite 104 Suite 105 Suite 106 Suite 107 Suite 108
Suite 101-102Westside Oral Surgery
Suite 103Hair Addict
Suite 104OakmontFinancial
Suite 107Master Lease
Suite 105-106Crossfit Petroglyph
Suite 108Love Laser
MASTER LEASE
Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
9101 High Assets Way NW, Albuquerque, NM 87108
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Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
9101 High Assets Way NW, Albuquerque, NM 87108
Aerial Map
37,500 Cars Per Day
69,500 Cars Per Day
Demographic and Income Profile9101 High Assets Way NW, Albuquerque, New Mexico, 87120 Prepared by EsriRing: 1 mile radius Latitude: 35.17996
Longitude: -106.67376
Summary Census 2010 2016 2021Population 11,400 11,528 11,706Households 4,264 4,303 4,364Families 2,985 2,990 3,019Average Household Size 2.61 2.61 2.62Owner Occupied Housing Units 3,045 2,985 3,039Renter Occupied Housing Units 1,219 1,318 1,325Median Age 36.6 37.3 38.1
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.31% 0.44% 0.84%Households 0.28% 0.41% 0.79%Families 0.19% 0.25% 0.72%Owner HHs 0.36% 0.43% 0.73%Median Household Income 1.23% 1.43% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 408 9.5% 386 8.8%$15,000 - $24,999 318 7.4% 334 7.7%$25,000 - $34,999 304 7.1% 247 5.7%$35,000 - $49,999 407 9.5% 346 7.9%$50,000 - $74,999 639 14.9% 654 15.0%$75,000 - $99,999 580 13.5% 599 13.7%$100,000 - $149,999 900 20.9% 963 22.1%$150,000 - $199,999 478 11.1% 539 12.4%$200,000+ 269 6.3% 295 6.8%
Median Household Income $77,508 $82,375Average Household Income $92,750 $99,652Per Capita Income $36,131 $38,741
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 703 6.2% 673 5.8% 678 5.8%5 - 9 753 6.6% 743 6.4% 718 6.1%10 - 14 873 7.7% 782 6.8% 785 6.7%15 - 19 844 7.4% 802 7.0% 738 6.3%20 - 24 834 7.3% 892 7.7% 841 7.2%25 - 34 1,453 12.7% 1,503 13.0% 1,558 13.3%35 - 44 1,623 14.2% 1,588 13.8% 1,678 14.3%45 - 54 1,897 16.6% 1,749 15.2% 1,557 13.3%55 - 64 1,375 12.1% 1,465 12.7% 1,558 13.3%65 - 74 634 5.6% 903 7.8% 1,047 8.9%75 - 84 296 2.6% 312 2.7% 420 3.6%
85+ 114 1.0% 116 1.0% 125 1.1%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 8,478 74.4% 8,404 72.9% 8,401 71.8%Black Alone 372 3.3% 375 3.3% 383 3.3%American Indian Alone 655 5.7% 682 5.9% 715 6.1%Asian Alone 305 2.7% 340 2.9% 372 3.2%Pacific Islander Alone 20 0.2% 18 0.2% 18 0.2%Some Other Race Alone 1,103 9.7% 1,198 10.4% 1,271 10.9%Two or More Races 467 4.1% 512 4.4% 547 4.7%
Hispanic Origin (Any Race) 4,528 39.7% 4,868 42.2% 5,213 44.5%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 19, 2017
©2016 Esri Page 1 of 6
Demographic and Income Profile9101 High Assets Way NW, Albuquerque, New Mexico, 87120 Prepared by EsriRing: 1 mile radius Latitude: 35.17996
Longitude: -106.67376
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K9.5%
$15K - $24K7.4%
$25K - $34K7.1%
$35K - $49K9.5%
$50K - $74K14.9%
$75K - $99K13.5%
$100K - $149K20.9%
$150K - $199K11.1%
$200K+6.3%
2016 Population by Race2016 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 42.2%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 19, 2017
©2016 Esri Page 2 of 6Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
2017 Demographics
ChartsFigures
1 Mile Radius
Demographic and Income Profile9101 High Assets Way NW, Albuquerque, New Mexico, 87120 Prepared by EsriRing: 3 mile radius Latitude: 35.17996
Longitude: -106.67376
Summary Census 2010 2016 2021Population 70,801 73,329 74,711Households 28,081 29,070 29,628Families 19,059 19,363 19,535Average Household Size 2.50 2.50 2.50Owner Occupied Housing Units 19,712 19,518 19,803Renter Occupied Housing Units 8,369 9,552 9,825Median Age 37.2 38.1 38.7
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.37% 0.44% 0.84%Households 0.38% 0.41% 0.79%Families 0.18% 0.25% 0.72%Owner HHs 0.29% 0.43% 0.73%Median Household Income 1.65% 1.43% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 2,463 8.5% 2,422 8.2%$15,000 - $24,999 2,050 7.1% 2,241 7.6%$25,000 - $34,999 2,505 8.6% 2,065 7.0%$35,000 - $49,999 3,571 12.3% 3,024 10.2%$50,000 - $74,999 5,415 18.6% 5,567 18.8%$75,000 - $99,999 4,394 15.1% 4,692 15.8%$100,000 - $149,999 4,986 17.2% 5,467 18.5%$150,000 - $199,999 2,113 7.3% 2,410 8.1%$200,000+ 1,573 5.4% 1,740 5.9%
Median Household Income $66,214 $71,858Average Household Income $85,139 $91,428Per Capita Income $33,761 $36,240
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 4,622 6.5% 4,548 6.2% 4,597 6.2%5 - 9 4,890 6.9% 4,758 6.5% 4,683 6.3%10 - 14 4,972 7.0% 4,951 6.8% 4,913 6.6%15 - 19 4,867 6.9% 4,546 6.2% 4,522 6.1%20 - 24 4,620 6.5% 4,525 6.2% 4,200 5.6%25 - 34 9,391 13.3% 10,318 14.1% 10,443 14.0%35 - 44 9,793 13.8% 9,770 13.3% 10,494 14.0%45 - 54 10,966 15.5% 10,133 13.8% 9,259 12.4%55 - 64 9,043 12.8% 9,832 13.4% 9,626 12.9%65 - 74 4,594 6.5% 6,426 8.8% 7,628 10.2%75 - 84 2,229 3.1% 2,592 3.5% 3,308 4.4%
85+ 813 1.1% 932 1.3% 1,037 1.4%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 52,930 74.8% 53,612 73.1% 53,704 71.9%Black Alone 1,986 2.8% 2,076 2.8% 2,139 2.9%American Indian Alone 3,058 4.3% 3,326 4.5% 3,555 4.8%Asian Alone 1,362 1.9% 1,562 2.1% 1,717 2.3%Pacific Islander Alone 92 0.1% 88 0.1% 88 0.1%Some Other Race Alone 8,053 11.4% 8,956 12.2% 9,534 12.8%Two or More Races 3,320 4.7% 3,708 5.1% 3,974 5.3%
Hispanic Origin (Any Race) 30,398 42.9% 33,338 45.5% 35,747 47.8%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 19, 2017
©2016 Esri Page 3 of 6
Demographic and Income Profile9101 High Assets Way NW, Albuquerque, New Mexico, 87120 Prepared by EsriRing: 3 mile radius Latitude: 35.17996
Longitude: -106.67376
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K8.5%
$15K - $24K7.1%
$25K - $34K8.6%
$35K - $49K12.3%
$50K - $74K18.6%
$75K - $99K15.1%
$100K - $149K17.2%
$150K - $199K7.3%
$200K+5.4%
2016 Population by Race2016 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 45.5%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 19, 2017
©2016 Esri Page 4 of 6Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
2017 Demographics
ChartsFigures
3 Mile Radius
Demographic and Income Profile9101 High Assets Way NW, Albuquerque, New Mexico, 87120 Prepared by EsriRing: 5 mile radius Latitude: 35.17996
Longitude: -106.67376
Summary Census 2010 2016 2021Population 171,177 179,583 184,144Households 67,725 70,481 72,097Families 44,930 46,087 46,780Average Household Size 2.49 2.51 2.51Owner Occupied Housing Units 48,671 48,813 49,932Renter Occupied Housing Units 19,054 21,668 22,165Median Age 36.9 37.7 38.0
Trends: 2016 - 2021 Annual Rate Area State NationalPopulation 0.50% 0.44% 0.84%Households 0.45% 0.41% 0.79%Families 0.30% 0.25% 0.72%Owner HHs 0.45% 0.43% 0.73%Median Household Income 1.51% 1.43% 1.89%
2016 2021 Households by Income Number Percent Number Percent
<$15,000 7,193 10.2% 7,072 9.8%$15,000 - $24,999 6,551 9.3% 7,137 9.9%$25,000 - $34,999 6,464 9.2% 5,341 7.4%$35,000 - $49,999 8,948 12.7% 7,732 10.7%$50,000 - $74,999 12,998 18.4% 13,508 18.7%$75,000 - $99,999 9,980 14.2% 10,612 14.7%$100,000 - $149,999 10,738 15.2% 11,929 16.5%$150,000 - $199,999 4,422 6.3% 5,210 7.2%$200,000+ 3,187 4.5% 3,557 4.9%
Median Household Income $59,325 $63,950Average Household Income $78,149 $84,194Per Capita Income $30,797 $33,042
Census 2010 2016 2021 Population by Age Number Percent Number Percent Number Percent
0 - 4 11,780 6.9% 11,778 6.6% 12,094 6.6%5 - 9 11,907 7.0% 12,067 6.7% 12,137 6.6%10 - 14 11,752 6.9% 12,158 6.8% 12,401 6.7%15 - 19 11,330 6.6% 11,237 6.3% 11,468 6.2%20 - 24 10,539 6.2% 10,771 6.0% 10,323 5.6%25 - 34 23,754 13.9% 25,025 13.9% 25,573 13.9%35 - 44 23,417 13.7% 24,371 13.6% 25,894 14.1%45 - 54 25,196 14.7% 23,542 13.1% 21,904 11.9%55 - 64 21,379 12.5% 23,480 13.1% 22,713 12.3%65 - 74 11,429 6.7% 15,556 8.7% 18,433 10.0%75 - 84 6,173 3.6% 6,820 3.8% 8,237 4.5%
85+ 2,522 1.5% 2,779 1.5% 2,966 1.6%Census 2010 2016 2021
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 124,942 73.0% 127,921 71.2% 128,986 70.0%Black Alone 4,490 2.6% 4,898 2.7% 5,158 2.8%American Indian Alone 6,944 4.1% 7,675 4.3% 8,197 4.5%Asian Alone 3,230 1.9% 3,747 2.1% 4,143 2.2%Pacific Islander Alone 193 0.1% 192 0.1% 194 0.1%Some Other Race Alone 23,627 13.8% 26,385 14.7% 28,038 15.2%Two or More Races 7,751 4.5% 8,765 4.9% 9,429 5.1%
Hispanic Origin (Any Race) 78,858 46.1% 87,427 48.7% 93,960 51.0%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 19, 2017
©2016 Esri Page 5 of 6
Demographic and Income Profile9101 High Assets Way NW, Albuquerque, New Mexico, 87120 Prepared by EsriRing: 5 mile radius Latitude: 35.17996
Longitude: -106.67376
AreaStateUSA
Trends 2016-2021Trends 2016-2021
Ann
ual R
ate
(in
perc
ent)
1.8
1.6
1.4
1.2
1
0.8
0.6
0.4
0.2
0Population Households Families Owner HHs Median HH Income
20162021
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2016 Household Income 2016 Household Income
<$15K10.2%
$15K - $24K9.3%
$25K - $34K9.2%
$35K - $49K12.7%
$50K - $74K18.4%
$75K - $99K14.2%
$100K - $149K15.2%
$150K - $199K6.3%
$200K+4.5%
2016 Population by Race2016 Population by Race
Perc
ent
7065605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2016 Percent Hispanic Origin: 48.7%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2016 and 2021.
June 19, 2017
©2016 Esri Page 6 of 6Daniel KearneyAssociate [email protected]
Allen Sigmon Real Estate Group, LLC9201 Montgomery Blvd NE, Building 1 | Albuquerque, NM 87111
505.884.4699 | Fax 505.503.1381 | www.AllenSigmon.com
Austin TidwellAssociate [email protected]
2017 Demographics
ChartsFigures
5 Mile Radius