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220 98th St NW
Albuquerque, NM 87121

$5,948,672 USD

Freestanding For Sale  •  16,100 SF

Property Details

• Property Type Freestanding
• Total Building Size 16,100 SF
• Lot Size 2.5 AC
• Building Class B
• Year Built 2025
• Cap Rate 6.25 %
• Tenancy Single

26 Transit Score

61 Walk Score

Highlights

15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.

Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.

Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.

Densely Populated Area: Features 160k+ People Residing w/in a 5-Mile Radius. Located in One of the Fastest Growing Segment of the Albuquerque MSA.

Near Westpointe 40 - a 90-Acre Development at I-40 and 98th, offering Warehousing, Interstate Access, on-site Utilities, and more.

Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

Cap Rate:

6.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Caliber Collision	16,100 SF	6/30/2040

Public Transportation

Commuter Rail	Drive	Walk	Distance
Downtown Albuquerque (Rail Runner Express - New Mexico Rail Runner Express)	13 min	-	8.5 mi
Bernalillo County-International Sunport (Rail Runner Express - New Mexico Rail Runner Express)	17 min	-	8.8 mi
Airport	Drive	Walk	Distance
Albuquerque International Sunport	31 min	-	17.6 mi