Marcus & Millichap has been selected to exclusively market for sale or lease the fee simple interest in the subject property located at the intersections of State Highway 45 (Coors Bypass Boulevard), State Route 528, and Coors Road at Cottonwood Mall in Albuquerque, New Mexico.?The offering includes an approximate 0.534-acre land parcel positioned near the mall loop road and in between anchor stores Hobby Lobby, Mor Furniture and Conn's HomePlus. Cottonwood Mall is a 1,051,846-square-foot, super regional mall, the state’s second-largest shopping center serving over 350,000 consumers annually.
The Property is a party to a Reciprocal Easement Agreement with Cottonwood Mall, a family friendly shopping destination anchored by Dillard's, JCPenney, Hobby Lobby, Mor Furniture, HomeLife Furniture, and Conn's HomePlus, with more than 130 retail, dining and entertainment options. The mall also features a state-of-the-art dog park and solar powered charging stations. The center is strategically located in one of Albuquerque’s premier retail hubs in the Cottonwood submarket, and is easily accessible from multiple ingress and egress points from both State Highway 45 and Coors Road. Cumulative traffic counts exceed 73,400 vehicles per day. Numerous other national and regional retailers are in the surrounding area, including The Home Depot, PetSmart, Walmart, World Market, Lowe's Home Improvement, Costco, Sam's Club, Kohl's, At Home, Sprouts, and many more. Several school campuses are in close proximity, providing additional traffic to the area.
Philip Levy
Marcus & Millichap
