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702 Carmony Ln NE, Albuquerque, NM, 87107

SINGLE TENANT INDUSTRIAL FOR SALE
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Key Information

Tot. SF
63,000
Year Built
1979
Type
Industrial

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

Location

Agents

Broker of Record

Brian Brockman

License # 9568 (NM)
Bang Realty-New Mexico, Inc.
1600 West End, Ste. 1500 Nashville, TN 37203