702 Carmony Ln NE, Albuquerque, NM, 87107
SINGLE TENANT INDUSTRIAL FOR SALEKey Information
Highlights
-
Long-Term, NNN Lease to Credit-Backed Tenant: ARRK Enterprises, LLC, backed by a corporate guaranty, has executed a 6-year, 3-month NNN lease commencing April 1, 2025, minimizing landlord responsibilities to structural elements and providing stable cash flow through June 30, 2031.
-
Annual Rent Growth Driving Income Expansion: Base rent of $694,575 features 5% annual increases during the initial term, delivering predictable NOI growth and strong inflation protection, with additional 3% annual escalations in each renewal option.
-
Functional Industrial Facility with Strong Infrastructure: ±63,000 SF Class B warehouse built in 1979, featuring 28’ clear height, six exterior dock doors, two drive-ins, heavy 1,000-amp/3-phase power, wet sprinkler system, and efficient 24’ x 24’ column spacing on a ±3.995-acre M-1 zoned site.
-
Attractive Renewal and Expansion Provisions: Tenant holds three 5-year renewal options at market rent with fixed annual increases, plus a 30-day Right of First Refusal (expiring December 31, 2025), supporting potential long-term occupancy stability.
Photos



