Albuquerque, NM - Faris Lee Investments , a leading national retail investment firm, has successfully closed the sale of a grocery anchored center- Pavilions San Mateo- in Albuquerque, NM. The tenants include Walmart Neighborhood Market and featuring prominent co-tenants like Old Navy, Dollar Tree, and Orange Theory Fitness. This property benefits from its prime location at the intersection of San Mateo Boulevard (50,620 VPD) and Cutler Avenue, offering excellent visibility and high traffic exposure. Situated along I-40, the center enjoys convenient access and visibility to over 198,100 VPD, ensuring maximum exposure for tenants and attracting significant foot traffic.

Managing Principals Don MacLellan and Jeff Conover, along with Senior Managing Director Scott DeYoung, represented the buyer in this transaction. They successfully achieved the targeted pricing and closed within the seller’s time frame , securing a qualified buyer. Faris Lee Investments strategically focused on the property’s strong tenant mix & location as well as intrinsic value at below replacement cost .

This opportunity at Pavilions San Mateo represents a high-quality, well-located trade area, with the potential for strong returns in one of Albuquerque’s most sought-after retail corridors. The center is made up of multiple parcels creating a potential arbitrage with a break up strategy business plan.

About Faris Lee Investments:

Faris Lee Investments is one of the leading retail investments firms in the US and is one of the original firms specializing in retail investment sales throughout the country. Faris Lee combines underwriting and market research that exceeds industry standards with a custom strategy to maximize values for their clients’ .The firm also serves as high level investment advisors in the areas of dispositions, acquisitions & recapitalizations as well as, distressed asset disposition, portfolio sales, and corporate sale-leaseback. For more information, visit www.farislee.com