Investment Opportunity - Cottonwood Corners III

10420 Coors Bypass NW Albuquerque, NM 87114

10420 Coors Bypass NW, Albuquerque, NM, 87114
10420 Coors Bypass NW, Albuquerque, NM, 87114 10420 Coors Bypass NW, Albuquerque, NM, 87114 10420 Coors Bypass NW, Albuquerque, NM, 87114 10420 Coors Bypass NW, Albuquerque, NM, 87114
FOR SALE
Property Type:
Power Center
Amount:
$15,000,000 to $20,000,000
Last Verified:
Jun 01, 2020

Cottonwood Corners III is a high profile 35,685 sf strip center on approximately 2.99 acres fronting the dominant Coors By Pass arterial.

This project is part of the retail development known as Cottonwood Corners, in the Cottonwood trade area.

Cottonwood Corners is the largest power center and third largest retail center (behind Coronado mall and Cottonwood Mall) in the state containing approximately 600,000 square feet of retail and restaurants, situated on approximately 60 acres.

This land was reserved by the master developer of the Cottonwood trade area to strategically place this site in the front row of 3.5 million square feet of retail.

Cottonwood Corners III is anchored with Total Wine occupying 22,010 square feet (initially a Borders Book Store) and five retail shop spaces composed of Pei Wei Asian Diner, Massage Envy, Nutrishops, Ideal Image and Mark Pardo Salon (Aveda).

Each of these Cottonwood Corners III tenants are the top performing retailers for their perspective use categories in the market.

Other Cottonwood Corners retailers include Sam’s, Kohl’s, Best Buy, Barnes & Noble, Office Max, Toys R Us and Homelife Furniture.

Adjacent trade area tenants include Costco, Super Wal-Mart, Lowe’s Home Improvement, Home Depot, Gordman’s, Dick’s Sporting Goods, Petco, PetSmart, Sprouts, Albertson’s and the 1.2 million square foot Cottonwood Mall anchored with Dillard’s, Sears, JC Penny, Sports Authority and Regal Theater.

The Cottonwood trade area is located in the North West quadrant of Albuquerque and services Rio Rancho, Corrales, Los Ranchos (in the North Valley), Paradise Hills, Taylor Ranch and Bernalillo sub markets.

This North West quadrant of the market contains the largest percentage of residential building permits in the metro area.

The Cottonwood retail trade area encompasses a population of approximately 300,000 consumers, with some of the highest incomes for the market.


Additional URLs

Map of 10420 Coors Bypass NW, Albuquerque, NM, 87114

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.