10300 Central Ave SE, Albuquerque, NM 87123
Absolute triple-net lease anchored by Walgreens through March 31, 2031, with flexibility for redevelopment or subdivision.
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 2:37 am
Property Features for 10300 Central Ave SE
General Information
- Standard status
- Active
- Property subtype
- Former Walgreens Available
Building Details
- Year Built
- 2005
Listing office (303) 912-5333
Listing date Jun 24, 2026
Source Antonoff
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jeffrey Hirschfeld, Ed.D.
HighLights
- Absolute Triple‑Net (NNN) lease with Walgreens Corporation through March 31, 2031
- Investment‑grade tenant with owner flexibility to consider a build‑to‑suit arrangement
- Potential for redevelopment and/or subdividing the building for multiple new tenants
- Year built: 2005
- Current zoning: MX‑H (mixed‑use - high intensity)
- Less than 1 mile from I‑40 (60,306 cars per day), on Central Avenue
Overview
Located on Central Avenue SE in Albuquerque, the property is described as less than one mile from the I-40 freeway, with reported traffic of 60,306 cars per day. The remarks also note adjacency to multiple established retailers including 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. Nearby big-box retailers mentioned include Costco and Home Depot, along with Target, Sam's Club, Walmart Supercenter, Petco, Best Buy, and others. The remarks further cite a mixed-use high intensity zoning designation of MX-H.
For buyers, the core fit is a long-term absolute NNN income stream backed by Walgreens through the stated lease end date. For operators or developers, the noted willingness to consider build-to-suit work and the possibility to subdivide the building and pursue redevelopment provide a practical pathway for future tenant diversification, depending on timing and execution of the owner’s terms.
Current Use by Public Records
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
- -106.7492535
- Latitude
- 35.0695384
