Absolute NNN Gas Station
For Sale
$693,387
Pending
10324 Menaul Blvd NE, Albuquerque, NM 87112
Gas station asset with a long-standing tenant, separate cell tower ground lease, and MX-L zoning.
Property SizeContact for details
Days on Market297
Property Features for 10324 Menaul Blvd NE
General Information
Standard status
Pending
Property subtype
Investment
Zoning
MX-L
Additional Details
Cap Rate
7.34%
Listing Agency:
Epic Real Estate
(505) 263-5350
Listed By:
Mark Thompson · License #15833
(505) 263-5350
Source:
Carnm.resimplifi
Added: Nov 5, 2025
Changed: Aug 28
Last Checked: Aug 29 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epic Real Estate
Investment Insights
Based on property information with market context.
This absolute NNN property includes an operating gas station occupied by the same tenant for 46+ years. The current lease runs through 11/30/2029, with a five-year extension option through 11/30/2034 that includes a 10% rent escalation. The tenant is responsible for property taxes, insurance, maintenance, repairs, utilities, and other property expenses under the lease structure.
The property also benefits from a separate ground lease serving the existing cell tower. Located at 10324 Menaul Blvd NE in Albuquerque, New Mexico, the property carries MX-L zoning. The investment is offered individually, with up to three similar properties available for acquisition as an absolute NNN portfolio.
The property also benefits from a separate ground lease serving the existing cell tower. Located at 10324 Menaul Blvd NE in Albuquerque, New Mexico, the property carries MX-L zoning. The investment is offered individually, with up to three similar properties available for acquisition as an absolute NNN portfolio.
Key Highlights
- Absolute NNN lease structure with tenant responsibility for taxes, insurance, maintenance, repairs, and utilities
- Gas station tenant in place for 46+ years
- Current lease runs through 11/30/2029
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Dining 25%
Home Improvements & Furnishings 25%
Shops & Services 18%
Walmart Neighborhood Market
Groceries
29,273 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
22,346 visits/mo
0.5 miles
dd's DISCOUNTS
Shops & Services
14,890 visits/mo
0.5 miles
Wienerschnitzel
Dining
7,282 visits/mo
0.5 miles
SUBWAY
Dining
6,744 visits/mo
0.5 miles
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Gas station asset with a long-standing tenant, separate cell tower ground lease, and MX-L zoning.
Where is this nnn property located?
The property is located at 10324 Menaul Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $693,387.
What are key features of this property?
This property features: Absolute NNN lease structure with tenant responsibility for taxes, insurance, maintenance, repairs, and utilities; Gas station tenant in place for 46+ years; Current lease runs through 11/30/2029
