Investment Opportunity - Cottonwood Corners III
10420 Coors Bypass NW
Albuquerque, NM 87114
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.