Listing Agency: CBRE - Albuquerque c***@cbre.com Show Phone

Listed By: Chase Ruffin · License #45995 Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 11 at 4:38PM

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Investment Insights

Based on property information with market context.

This commercial real estate property offers retail space for rent. The property provides 2960 square feet of space and is located on Montgomery Boulevard Northeast in Albuquerque, NM.

Key Highlights

• 2960 square feet of retail space available for lease.

Property Analytics

Property Profile

Current Use

Nearby Tow Truck ... Auto Repair Shop CVS Pharmacy Pharmacy Target Electronics & Wireless Store Ettin Games ABQ Electronics & Wireless Store The Grey Heron Home Decor Store

Suggested Use

Top Pick Law Firm Building Supply Garden Center Grocery & Convenience Store Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

836

Businesses Nearby

303k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 34% Superstores 31% Shops & Services 30% Groceries 3%

Target Superstores

94,271 visits/mo 0.1 miles

Michaels Shops & Services

35,651 visits/mo 0.1 miles

McDonald's Dining

31,733 visits/mo 0.3 miles

Party City Shops & Services

22,816 visits/mo 0.2 miles

7 Brew Coffee Dining

19,095 visits/mo 0.2 miles

Demographics for 87111, NM

56,121

Population

28,192

Households

2

Avg Household Size

45

Median Age

56%

College-Educated

97%

High-School Grad

12.7 sq mi

ZIP Area

4,419

Density / Sq Mi

$84,511

Median Household Income

$52,350

Median Earnings

$1,310

Median Rent

$349,200

Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$16.4 /SF/Yr

Avg Asking Price

$8.85–$25 /SF/Yr

Price Range

18,529 SF

Avg Space Size

This space is priced 52% above the average of $16.4 /SF/Yr.

Vacancy Rate% for Retail in Albuquerque, NM

7.8% 2019

8.4% 2020

7.9% 2021

4.8% 2022

4.2% 2023

5.7% 2024

5.5% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for lease, 2960 square feet.

Where is this retail space located?

The property is located at 8510 Montgomery Boulevard Northeast Albuquerque, NM.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: 2960 square feet of retail space available for lease.