Pavilions at San Mateo Walmart Anchored Center ABQ, NM

Pavilions at San Mateo Walmart Anchored Center ABQ, NM Property Images & Information

Pavilions at San Mateo Walmart Anchored Center ABQ, NM Property Description

New Mexico Broker of Record: Lee Langen REMAX License No. 19241 Faris Lee Investments is pleased to offer the rare opportunity to acquire the fee simple interest in The Pavilions at San Mateo, a Walmart Grocery–anchored community center in the central core of Albuquerque. Reinforcing the strength of this location, Walmart recently executed an extension through 2036, providing long-term income stability. Grocery-anchored shopping centers continue to be one of the most resilient and sought-after product types for retail investors, driven by necessity-based demand and consistent daily traffic. Significant leasing momentum & anchor lease extensions further highlight the strength of the real estate, evidenced by Five Below signing a new 10-year lease and Dollar Tree recently extending for 10 years as well as Old Navy & Shoe Dept. extending for 5 years. These national retailers complement a diverse merchandising mix of daily needs tenants that draws over 2.2 million visitors annually (Placer.ai). Furthermore, with a purchase price reflecting a cost basis under $216/SF, the offering provides a secure investment well below replacement cost, allowing for long-term rental growth and favorable returns. The property features a newly placed loan at a 72% LTV. This highly attractive leverage with an interest rate of 6.86% interest-only for the complete term which significantly increases an investor cash-on-cash returns. The surrounding trade area features exceptional demographics, with over 116,000 residents and a daytime employment base of 113,000 employees within 3 miles. This high concentration of consumers positions The Pavilions at San Mateo as a compelling opportunity to acquire a high-quality, stabilized asset with a powerful national tenant lineup in a premier central Albuquerque retail corridor.

Exclusive Investment Highlights

• Rare Opportunity to Acquire Highly Successful Walmart Grocery Anchored Center
• Significant Leasing Momentum & Anchor Lease Extensions Further Highlight the Strength of the Real Estate, Evidenced by Five Below Signing a New 10-Year Lease and Dollar Tree Recently Extending for 10 Years as Well as Old Navy & Shoe Dept. Extending For 5 Years
• Newly High Leveraged Loan in Place At Interest Only For the Entire Term
• Regional Daily Needs Shopping Center that performs well regardless of the economic cycle and are not as exposed to the e-commerce threat
• Walmart Anchored Neighborhood Center Serving Central Albuquerque Trade Area W/ Excellent I-40 Freeway Accessibility (206k VPD) To Surrounding Communities
• Well Below Replacement Costs – Under $216/sf

Area Overview

Strategically located near the on/off ramp of Interstate 40 (±206,300 VPD), The Pavilions at San Mateo enjoys exceptional regional accessibility and visibility. The property is positioned at the high-traffic intersection of San Mateo Blvd NE and Cutler Ave NE (combined ±48,000 VPD), benefiting from multiple points of ingress/egress and significant street frontage.

Financial Snapshot

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