10300 Central Ave SE, Albuquerque, NM 87123

This sale presents an absolute triple-net (NNN) leased drug store property with Walgreens Corporation as the investment-grade tenant. The lease runs until March 31, 2031. The offering also contemplates alternative development paths, including the option for the owner to consider a build-to-suit, and the ability to subdivide the building for multiple new tenants. The property is being sold “as-is,” with a negotiated tenant finish allowance referenced in the terms.

Located on Central Avenue SE in Albuquerque, the property is described as less than one mile from the I-40 freeway, with reported traffic of 60,306 cars per day. The remarks also note adjacency to multiple established retailers including Starbucks, Church's, Chili's, Taco Cabana, Jack-in-the-Box, Burger King, O'Reilly Auto Parts, Dutch Bros. Coffee, and Freddy's Frozen Custard. Nearby big-box retailers mentioned include Costco and Home Depot, along with Target, Sam's Club, Walmart Supercenter, Petco, Best Buy, and others. The remarks further cite a mixed-use high intensity zoning designation of MX-H.

For buyers, the core fit is a long-term absolute NNN income stream backed by Walgreens through the stated lease end date. For operators or developers, the noted willingness to consider build-to-suit work and the possibility to subdivide the building and pursue redevelopment provide a practical pathway for future tenant diversification, depending on timing and execution of the owner’s terms.