- For sale
Colliers International is pleased to present 4000 San Mateo Blvd NE in the Northeast Heights submarket of Albuquerque, New Mexico. The property is occupied by Papa John’s (Franchisee: DCT Enterprises of New Mexico, LLC) and Batteries + Bulbs (Franchisee: Enchanted Sky Limited Partnership). The property is leased to each tenant under a triple-net (NNN) basis, meaning property tax, property insurance and maintenance costs are passed through to the tenants.
This site is located on a full-access intersection on San Mateo Blvd. NE, which sees daily traffic of 33,800 vehicles per day and is just south of one of Albuquerque’s busiest intersections at San Mateo Blvd NE and Montgomery Blvd NE (65,000 vehicles per day). Within a 3-mile radius, this site features high population density (107,399), a healthy median household income ($60,904) and is within three miles of both Interstate 25 and Interstate 40.
Papa John’s and Batteries + Bulbs are both long-term tenants at this site. Papa John’s has been a tenant of 4000 San Mateo since 2006 and Batteries + Bulbs has been a tenant since 1996. Suite A (1,275 square feet) was occupied by Golden Torch Wireless until 2018 and is now being marketed for lease.