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    220 Tramway Blvd SE Albuquerque, NM 87123

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    For Sale
    $2,896,000

    NNN leased Starbucks with long term lease and options.

    Property size:
    1,310 SF
    Lot size:
    0.45 Acres

    Property Features for 220 Tramway Blvd SE

    General Information

    Size
    1,310 SF
    Lot size
    0.45 Acres

    Source: CBRE | Albuquerque Agent Jim P Dountas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Starbucks Leased Investment Opportunity

    This property features a high-credit tenancy with Starbucks, a major corporation with over 40,000 retail stores in more than 86 countries. Starbucks generated consolidated annual net revenue exceeding $9.1 billion in FY 2024. The property is subject to a 10-year lease term with four 5-year options and 10% contractual rental increases every 5 years throughout the initial term and option periods. The property benefits from strong real estate fundamentals, shadow-anchored by a high-performing Smith's (Kroger) grocer with over 1.2 million visits in the past 12 months. It is located along Tramway Boulevard SE, providing direct access to I-40, a primary travel corridor in New Mexico. The location offers drive-by exposure to over 34,800 vehicles per day at the intersection of Tramway Blvd SE and Central Avenue NE. The property size is 1,310 square feet.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Einstein Bros. Bagels, Whisk N Sip

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Sandoval
    State
    New Mexico
    Longitude
    -106.4966413
    Latitude
    35.0669129

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    FAQs

    What type of property is this?
    Coffee shop - NNN leased Starbucks with long term lease and options.
    Where is this coffee shop located?
    The property is located at 220 Tramway Blvd SE Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $2,896,000.
    What are key features of this property?
    This property features: - High Credit Tenancy: Starbucks (S&P: BBB+) offers a stable income stream.; - Long-Term Lease: Benefit from a 10-year initial term with (4) 5-year options.; - Attractive Net Lease Structure: Enjoy ease of management and predictable expenses.
    (505) 228-5771
    Request Owner's contact information
    220 Tramway Blvd SE Albuquerque, NM 87123
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    Albuquerque, NM 87123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 Tramway Blvd SE Albuquerque, NM 87123
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