JLL has been retained as exclusive advisor for the sale of Far North Shopping Center (the “Property”), a 95.2% leased, strategically located grocery-anchored shopping center with a gross leasable area (“GLA”) of 144,870 square feet. The Property is prominently located at the intersection of San Mateo Boulevard NE (41,580 VPD) and Academy Road NE (27,110 VPD), less than ¼ mile from Interstate 25 (166,700 VPD) in Albuquerque, New Mexico. Far North offers strong WALT due to large credit tenants like Sprouts, Petco and Dollar Tree. Investors also have the opportunity to grow NOI through below market in-line tenants with near term expiration.
Listed in Conjunction with New Mexico Broker of Record:
Jones Lang LaSalle Brokerage, Inc.
NM Lic #20420
- Strong Mark To Market Strategy
- Dominant Anchor Lineup
- Highly Desirable Tenant Mix
- Demonstrated Long Term Tenant Commitment
- Exceptional Location
- Excellent Demographic Profile