Investment Highlights
Walmart Anchored
Site Flexibility
Leasing Momentum
Credit Profile
Premier Location
Shadow Anchored
Executive Summary
Newmark Retail Capital Markets is pleased to present the opportunity to acquire The Pavilions at San Mateo, a 148,749 SF Walmart Neighborhood Market anchored shopping center in Albuquerque, New Mexico. The Pavilions at San Mateo has been meticulously merchandised to include an impressive list of value-oriented retailers ideally suited for today?s value conscience consumer. In addition to Walmart, the project?s anchors include Old Navy, Shoe Dept., Rack Room Shoes and Dollar Tree while Orange Theory Fitness,?Supercuts?and Einstein Bagels are great representatives of the tenant roster. Recent additions 5-11 Tactical and?Sherwyn-Williams?add to the credit profile and draw from a wide radius.Built in 1997, The Pavilions at San Mateo is located in one of Albuquerque?s most desired retail districts for shoppers and tenants alike. More than ?150,000 cars travel by the center via Interstate 40 per day enjoying an unobstructed view to a majority of the project?s tenants. The Pavilions at San Mateo benefits from a robust daytime population of more than 198,000 people (within 3 miles) and income levels of more than $70,000 within 1 mile). The combination of location, density and disposable income is a perfect recipe for success in today?s retail landscape. Pavilions at San Mateo is currently ninety-five percent (95%) leased demonstrating the center?s long term viability.
