Overview
Albuquerque Retail Investment Opportunity
This Albuquerque property presents a variety of opportunities, including build-to-suit options, subdivision for multiple tenants, lease as-is with tenant finish allowance, outright sale, or parcel redevelopment. The property benefits from an Absolute Triple-Net (NNN) lease income from Walgreens Corporation until March 31, 2031. Situated in an infill location within Albuquerque, it serves a growing 5-mile trade area with 226,000 residents. The property is located on Central Avenue, a major east-west thoroughfare known as the city's "Main Street" and a historically significant part of Route 66. It is less than 1 mile from the I-40 freeway, which sees 60,306 cars per day. The property is adjacent to 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. Several well-known big box retailers, including Costco and Home Depot, are within one block. Other nearby retailers include Target, Sam's Club, Walmart Supercenter, Pet Smart, Sandia Toyota, Office Max, Petco, and Best Buy. Over 500 businesses operate within a 1-mile radius, and there are over 60,843 daytime employees within a 3-mile surrounding area. The National Museum of Nuclear Science & History is within walking distance. The property is in close proximity to Sandia Science & Technology Park and Kirtland Air Force Base. It is 15 minutes east of Downtown Albuquerque and near the Albuquerque International Sunport, the largest commercial airport in the vicinity, serving over 5.3 million passengers annually. The property has a size of 16576 square feet.
