Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire La Villa Shopping Center located at 1930-1950 Juan Tabo Blvd (“The Property”), a 30,025 square foot center situated at the signalized, hard-corner intersection of Juan Tabo Boulevard and Brentwood Hills Boulevard in Albuquerque, New Mexico. Built in 1988, the Property recently underwent a comprehensive exterior renovation and is comprised of 8 tenants, offering a future buyer minimal near-term CapEx requirements alongside meaningful upside to lease the three remaining vacancies and stabilize the tenant mix. The Property benefits from 31,000 VPD combined with superior accessibility and visibility along a dense, highly trafficked retail corridor, positioned alongside national credit tenants including Albertsons, Lowe’s, and Walmart. Surrounded by well-established residential neighborhoods, the site supports sustained daytime and repeat traffic within a premier Albuquerque infill location. The trade area reflects affluent demographics, with $103,000 average household income and a 247,000-person population within a 5-mile radius, along with 45% of residents holding a bachelor’s degree or higher. With mark-to-market rent upside across the property and a stabilized, low capex profile following recent renovations, the offering presents a compelling value-add opportunity for investors.

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