10300 Central Ave SE Albuquerque, NM
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NNN leased investment property with redevelopment potential in Albuquerque.
Type:RETAIL
Property size:
16,576 SFLot size:
1.86 AcresPrice / SF:
$391/SF- Added:
- Jan 31, 2025
- Days on Market:
- 454
- Last Refresh:
- Apr 5 at 8:28 pm
Property Features for 10300 Central Ave SE
General Information
- Standard status
- Active
- Size
- 16,576 SF
- Lot size
- 1.86 Acres
- Property subtype
- RETAIL
Properties For Sale
at 10300 Central Ave SE Contact us
Listing agent Ben Perich (505) 507-1678
Listing office Colliers | Albuquerque (505) 507-1678
Listing date Jan 31, 2025
Source Moodyscre
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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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Pharmacy
Pharmacy
Walgreens
Pharmacy
Walgreens Photo
(Bike/Boat/Book/etc) Store
Safstor
Storage Facility
FedEx OnSite
Postal Service
Similar Places Nearby
- Walgreens Pharmacy — 10300 Central Ave SE, Albuquerque, NM 87123
- Costco Pharmacy — 500 Eubank Blvd SE, Albuquerque, NM 87123
- Chris J. Trujillo, PharmD — South San Pedro Shopping Center, 500 Eubank Blvd SE, Albuquerque, NM 87123
- Angela S. Kurth, Pharm — South San Pedro Shopping Center, 500 Eubank Blvd SE, Albuquerque, NM 87123
- COVID-19 Drive-Thru Testing at Walgreens — 10300 Central Ave SE, Albuquerque, NM 87123
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.749
- Latitude
- 35.0695
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased investment property with redevelopment potential in Albuquerque.
Where is this drug store located?
The property is located at 10300 Central Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Absolute Triple‑Net (NNN) income from Walgreens Corporation until March 31, 2031.; **High‑traffic location on Central Avenue (historic Route 66) with 60,306 cars per day near I‑40.**; Located in infill Albuquerque with 226,000 residents in a growing 5‑mile trade area.
