3600 Calle Cuervo NW Albuquerque, NM 87714
$800,000
For Sale
Details
- StatusFor Sale
- Price$800,000
- Cap Rate6.75%
- TenantsAmeriVet Veterinary Partners
- Lease TypeNNN
- Building Size2,739 SF
- Lot Size0.41 Acres
- NOI$54,025
Documents
Property Description
Discover a prime investment opportunity with Acequia Animal Hospital, a 2,739-square-foot veterinary facility built in 2002 and located in Albuquerque, NM’s premier retail corridor. The property is 100% leased to AmeriVet Veterinary Partners, a national operator with over 214 clinics across 37 states, providing a strong and reliable income stream. The NNN lease offers over 15 years remaining on a 20-year primary term, ensuring passive income with all property-related expenses covered by the tenant.
Investment Highlights:
- Strong Corporate Tenant: AmeriVet, founded in 2016, operates over 200 clinics nationwide, with a corporate guarantee across all locations.
- 3% Annual Rental Increases: Providing a solid hedge against inflation throughout the lease term and renewal options.
- Long-Term Triple Net (NNN) Lease: Over 15 years remaining on the primary term of a 20-year lease, offering passive income with tenant covering all property expenses.
- E-Commerce & Recession-Resistant: Veterinary services are essential and highly resilient to economic downturns.
- Established Location: Expensive tenant improvements and customer loyalty contribute to long-term occupancy stability.
The lease includes 3% annual rent escalations, offering an excellent hedge against inflation. Veterinary services are considered recession-resistant and e-commerce-proof, making this a stable investment even in economic downturns. The hospital provides a full spectrum of services, including wellness exams, surgeries, dental cleanings, and diagnostics, ensuring consistent demand.
Strategically positioned within the Cottonwood shopping district—one of New Mexico’s largest retail centers with over 1,000,000 square feet of retail space and annual foot traffic of 350,000 consumers—this location benefits from high visibility and strong demographics. Additionally, veterinary clinics are known for their sticky tenancy, as relocating can be costly and customer loyalty remains high.
Invest with confidence in this long-term, corporate-backed NNN asset, offering stability and growth potential. Contact us today for more information on this exceptional opportunity.
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