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7001 Menaul Blvd NE Albuquerque, NM 87110

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For Sale
$2,170,000

Two-tenant building in Uptown with long-term leases and strong tenants.

Property size:
7,084 SF
Lot size:
0.56 Acres

Property Features for 7001 Menaul Blvd NE

General Information

Size
7,084 SF
Lot size
0.56 Acres

Source: COE Properties Inc Agent Steven Coe

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


Overview

Renovated Uptown Two-Tenant Building

This nicely renovated two-tenant building is located in Uptown on Menaul, just east of Louisiana. The bottom floor, comprising approximately 4,300 square feet, is occupied by a financially strong cannabis dispensary with a long-term NNN lease in place with approximately 4 years remaining on the initial term and annual rent increases. The upstairs area, consisting of approximately 2,576 square feet, is owner-occupied by a financially strong office user, also with a long-term NNN lease in place with approximately 4 years remaining on the initial term and annual rent increases, but is willing to vacate if the buyer desires owner occupancy. The property benefits from strong visibility and signage, including a large digital monument sign. The interior and exterior have been recently remodeled. On-site parking includes 12 spaces, with additional parking available on the street and at an adjacent property. The building features a modern exterior and interior remodel, refrigerated air and central heat, and 3-phase power. The total property size is 7,084 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Absolute Offices Office Space Rental Agency Uptown Property Group Leasing Service Self Storage Self-Storage Facility Top Crop Cannabis ... Cannabis Store Albuquerque Counseling Therapy Counselor

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Albuquerque
County
Sandoval
State
New Mexico
Longitude
-106.5664319
Latitude
35.1094992

FAQs

What type of property is this?
Retail space - Two-tenant building in Uptown with long-term leases and strong tenants.
Where is this retail space located?
The property is located at 7001 Menaul Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: - Financially strong Cannabis Dispensary occupies the bottom floor (4,300+- SF) with a long-term NNN lease and annual rent increases.; - Upstairs (2,576+- SF) is owner-occupied by a financially strong office user with a long-term NNN lease and annual rent increases, but can be vacated for owner occupancy.; - Great Uptown location on Menaul, just East of Louisiana, offering strong visibility and signage via a large digital monument sign.
More about this property
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