A busy shopping center just over 20 miles to the south of Albuquerque is up for sale with a $7.9 million asking price.
Located at 2510 Main Street NE near an intersection with New Mexico State Road 47, the one-story Valencia Y Shopping Center was built in 1986 and measures around 92,400 square feet.
Classified as a Class B building, the shopping center is currently completely leased with such mainstay tenants as Smith’s Food and Drug; Auto Zone; a Little Caesar’s pizza outlet; and a Dollar General store.
Altogether, the shopping center houses 15 tenants.
Listed with the Phoenix-based realtor Newmark Knight Frank, the building also includes two exterior loading docks.
Such retail centers in Los Lunas are serving a population partly made up of transplants from Albuquerque that has gone from just over 6,000 in the 1990s to around 17,000 today.
By Garry Boulard
