Albuquerque, NM Drug stores for Rent & Lease

Updated: Mar 27

Freestanding Drive-Thru Retail Building

10300 Central Ave SE, Albuquerque, NM 87123

$15 SF/Yr

16,510 sqft

Freestanding retail building in excellent condition
Large‑format drive‑thru availability along Central Ave
Signalized hard corner at two major arterials with superior visibility
Traffic counts exceed 60,925 VPD with multiple access points
Sublease with Walgreens expires April 1, 2031

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Updated: Mar 20, 2025

Freestanding Building on Menaul Blvd

3600 Menaul Blvd NE, Albuquerque, NM

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16,284 sqft 1.66 AC lot

Rare large format drive‑thru availability along Menaul Blvd.
Sublease with Walgreens to expire on October 31, 2033
Superior visibility and multiple access points
Excellent exposure with traffic counts in excess of 24,890 VPD
Close proximity to I‑40 and I‑25

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Albuquerque, NM, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 5 Properties for Sales.

Drug stores for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Freestanding Drug Store Building

707 N Dixie Blvd, Odessa, TX 79761

Contact for pricing

13,225 sqft

Freestanding retail building with dedicated parking and a layout suited to drug store operations.

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Freestanding Retail Building

1230 East 8th Street, Odessa, TX 79761

Contact for pricing

13,225 sqft

Former drugstore building with access from N Dixie Blvd and parking for customers.

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Freestanding Drug Store with Drive-Through

10 E Dunlap Ave, Phoenix, AZ 85020

Contact for pricing

14,200 sqft

The property occupies a hard corner at a four-way signalized intersection.

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Former Walgreens Retail Space Available

2435 E Greenway Pkwy, Phoenix, AZ

Contact for pricing

10,695 sqft 2.65 AC lot

13,905 SF retail space on 2.644 acres for lease.

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Similar Spaces for Sale in Albuquerque, NM

Consider Similar Space for Sale. We found 5 Spaces matching your search parameters.

Corporate-Leased NNN Retail Portfolio

4340 San Mateo Boulevard NE, Albuquerque, NM 87110

$7,250,000

16,104 sqft 1.49 AC lot

Two fully leased parcels combine retail improvements with net lease structures and MX-L* zoning.

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CVS NNN Retail Property

4340 San Mateo Boulevard NE, Albuquerque, NM 87110

$7,250,000

1.24 AC lot

Corporate-backed pharmacy asset with an absolute NNN lease structure and an established retail building footprint.

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Single-Tenant Drug Store on Hard Corner

9500 GOLF COURSE RD NW, Albuquerque, NM 87114

Contact for pricing

15,034 sqft

Signalized hard-corner Walgreens location with high daily traffic on Golf Course Road and Paradise Boulevard.

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Triple-Net Drug Store Investment

10300 Central Ave SE, Albuquerque, NM 87123

$4,500,000

Absolute triple-net lease anchored by Walgreens through March 31, 2031, with flexibility for redevelopment or subdivision.

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Renovated Uptown Two-Tenant Building

7001 Menaul Blvd NE, Albuquerque, NM

Contact for pricing

7,084 sqft 0.56 AC lot

Two-tenant building in Uptown with long-term leases and strong tenants.

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Albuquerque, NM Drug stores Lease Rates & Market Statistics

Browse 2 Drug stores for lease in Albuquerque, NM on Realmo, a commercial real estate marketplace serving the Albuquerque area. The current inventory totals 32,794 square feet of properties.

Drug stores lease rates in Albuquerque range from $15 SF/Yr at the entry level to $15 SF/Yr at the top of the market, averaging $15 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $15 SF/Yr is in line with the New Mexico state average.

Drug stores are one of the more limited space types in Albuquerque, with just 2 listings currently available — a scarcity worth factoring into lease negotiations. Tenants comparing options may also consider Storefront properties (49 listings) and Shopping centers (45 listings) elsewhere in the Albuquerque market.