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3621-3901 Menaul NE 43,000 SF of Retail Space Available in Albuquerque, NM 87109
HIGHLIGHTS
- National Tenants in the immediate area include Savers, Mattress Firm, Eyemart Express; nearby retailers include Starbucks, Walmart and Whole Foods
- Highly trafficked intersection w/direct access to multiple bus lines and just minutes from I-25 & I-40
- Built in 1978 with 366 parking spaces
- Under new ownership with exterior paint & parking lot resurfacing planned; further facade renovations are in the pipeline
- Dense and diverse residential area with over 100,000 residents contributing to $1.4 billion in annual consumer spending within a 3-mile radius.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste G | 43,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste G
43,000 SF for Lease
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 43,000 SF | Total Land Area | 13.61 AC |
| Property Type | Retail | Year Built | 1978 |
| Gross Leasable Area | 119,356 SF | Parking Ratio | 1.73/1,000 SF |
| Total Space Available | 43,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 119,356 SF |
| Total Land Area | 13.61 AC |
| Year Built | 1978 |
| Parking Ratio | 1.73/1,000 SF |
ABOUT THE PROPERTY
Park Plaza invites growing businesses to thrive with the established, recently opened, and incoming tenants. New ownership has implemented a strategic transformation to reinvigorate the retail destination. Featuring a broad range of spaces, tenants of all kinds can find the perfect place here. The availabilities include in-line storefronts, a 43,000-square foot anchor space, co-anchor spaces, standalone former restaurant buildings, second-generation suites for salon users, a second-generation wing restaurant, and more. New ownership has already repainted the center with a parking lot resurfacing coming soon and more façade updates planned. Park Plaza is about 75% occupied, as several national brands have an established presence at the center. Enzo Fitness recently opened in a 17,000-square-foot space with a wellness-centered juice bar coming next door, setting up new businesses to benefit from the broad consumer base drawn by these co-tenants. Situated in the Northeast Heights submarket, Park Plaza is at the confluence of major metro hubs, which has fostered a diverse residential base of white- and blue-collar households. It’s easy for anyone to get here as Park Plaza has direct access to several connector roads, multiple bus lines have stops here, and Interstates 40 and 25 are two to five minutes away. Phoenix Avenue, Carlisle Boulevard, and Menaul Boulevard surround Park Plaza, each of which is a key route for locals, providing traffic counts of over 55,000 vehicles per day. The neighboring destinations build upon this convenience and provide co-traffic with several national department stores, Bel-Air Park, restaurants, gas stations/convenience stores, a 295-unit apartment complex, and New Mexico’s top-performing Whole Foods in the vicinity. Combining a strengthened tenant mix, new ownership upgrades, and an advantageous location, Park Plaza is the premier opportunity to thrive in Albuquerque. Ownership operates leasing in-house, all fees will be paid to the tenant broker. Pricing and creative deals are negotiable. Inquire now to learn more.
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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3621-3901 Menaul NE
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