Leased School Building with
For Sale
Contact for pricing
9924 Menaul Blvd NE, Albuquerque, NM 87112
A CMU school building is secured by a 36-month NNN lease with renewal options.
Property SizeContact for details
Days on Market125
Property Features for 9924 Menaul Blvd NE
General Information
Standard status
Active
Property subtype
Special Purpose
Occupancy
100%
Additional Details
Cap Rate
9.85%
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
R1 Commercial
Listed By:
Tim Lopez · License #CA 02044550
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 3:48AM
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 R1 Commercial
Investment Insights
Based on property information with market context.
This leased school property is set on just over 0.50 acres and constructed with CMU and steel trusses. The building is currently operating at 100% capacity.
The property is located in the far NE Heights of Albuquerque with street frontage on the south side of Menaul. It is a corner lot with street monument signage and a shared corner configuration with Elizabeth St.
The property is held under a 36-month NNN lease commencing August 2017, with renewal options described as a 36-month term including increases averaging a blended cap rate of 9.85.
The property is located in the far NE Heights of Albuquerque with street frontage on the south side of Menaul. It is a corner lot with street monument signage and a shared corner configuration with Elizabeth St.
The property is held under a 36-month NNN lease commencing August 2017, with renewal options described as a 36-month term including increases averaging a blended cap rate of 9.85.
Key Highlights
- 36‑month NNN lease commenced Aug 2017, with renewal options including a 36‑month term
- Renewal increases averaging a blended cap rate of 9.85
- CMU building with steel trusses, secured under the NNN lease
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 87112, NM
42,487
Population
20,083
Households
2.1
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
5,245
Density / Sq Mi
$69,610
Median Household Income
$41,427
Median Earnings
$1,056
Median Rent
$254,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - A CMU school building is secured by a 36-month NNN lease with renewal options.
Where is this school located?
The property is located at 9924 Menaul Blvd NE Albuquerque, NM.
What are key features of this property?
This property features: 36‑month NNN lease commenced Aug 2017, with renewal options including a 36‑month term; Renewal increases averaging a blended cap rate of 9.85; CMU building with steel trusses, secured under the NNN lease
