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Retail Shopping Center With Inline Suites
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3821 Menaul Boulevard Northeast, Albuquerque, NM 87110

Park Plaza shopping center for lease with anchor and junior anchor opportunities plus multiple inline retail suites.

Space Size43,696 SF
Days on Market106

Property Features for 3821 Menaul Boulevard Northeast

General Information

Standard status Active
Size 43,696 SF
Property subtype Commercial

Additional Details

Road Access Yes

Building Details

Tenancy Multi

Spaces For Lease

at 3821 Menaul Boulevard Northeast Contact us

Available Space

Size
43,696 SF
43,696 SF
Contact us
Listing Agency: Resolut RE
Listed By: Austin Tidwell, CCIM · License ##49789AB
Source: Resolutre
Added: May 14 Changed: Aug 26 Last Checked: Aug 25 at 4:11PM

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 Resolut RE

Investment Insights

Based on property information with market context.

Park Plaza is a 162,000-square-foot shopping center offering retail leasing opportunities that include a large anchor suite over 43,000 square feet, two 17,000-square-foot junior anchor suites, and multiple inline shop spaces. One junior anchor suite was formerly Planet Fitness, and the locker room infrastructure remains in place. The center also includes two former restaurant spaces available for re-tenanting, including a 10,000-square-foot standalone building with ample parking, and a former Pizza Hut building that presents a build-to-suit opportunity for a quick-serve concept.

The property is located at the intersection of Menaul Blvd NE and Carlisle Blvd NE, and is described as being positioned to benefit from high traffic exposure. The shopping center plan includes a planned facade and parking lot update.

Inline shop spaces range from 840 square feet to 1,937 square feet, suitable for tenants seeking smaller format retail space within an established center anchored by Savers and Mattress Firm.

Key Highlights

  • 162,000 SF shopping center at the intersection of Menaul Blvd NE and Carlisle Blvd NE.
  • Anchor leasing opportunity: one suite over 43,000 SF plus two junior anchor suites around 17,000 SF each.
  • Junior anchor suite formerly Planet Fitness, with locker room infrastructure still in place.

Property Analytics

Current Use

Beverley Thering Physician Izzy's Chair Hair Salon MDT Personnel Employment Agency Western Union Bank Garfield Church NMA001 Church

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Garden Center Grocery & Convenience Store Storage Facility

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

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,463
Businesses Nearby
510k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 32% Dining 31% Groceries 13% Apparel 8%
Walmart Superstores
162,634 visits/mo 0.3 miles
Whole Foods Market Groceries
65,518 visits/mo 0.4 miles
McDonald's Dining
36,907 visits/mo 0.3 miles
Savers Thrift Store Apparel
30,395 visits/mo 0.1 miles
Rudy's Country Store & Bar-B-Q Dining
28,797 visits/mo 0.2 miles

Demographics for 87110, NM

38,441
Population
19,591
Households
2
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
8.8 sq mi
ZIP Area
4,368
Density / Sq Mi
$63,593
Median Household Income
$40,244
Median Earnings
$1,096
Median Rent
$251,400
Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$12.5 /SF/Yr
Avg Asking Price
$9–$16 /SF/Yr
Price Range
19,204 SF
Avg Space Size

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
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Similar Off Market Nearby

  • Pavilions at San Mateo 4500 Cutler Ave NE, Albuquerque, NM 87110
  • The Hill Center 4408 Menaul Blvd NE, Albuquerque, NM 87110
  • American Square 3301 Menaul Blvd NE, Albuquerque, NM 87107
  • Quick-Tag Walmart Supercenter, 2701 Carlisle Blvd NE, Albuquerque, NM 87110

Frequently Asked Questions

What type of property is this?
Shopping center - Park Plaza shopping center for lease with anchor and junior anchor opportunities plus multiple inline retail suites.
Where is this shopping center located?
The property is located at 3821 Menaul Boulevard Northeast Albuquerque, NM.
What are key features of this property?
This property features: 162,000 SF shopping center at the intersection of Menaul Blvd NE and Carlisle Blvd NE.; Anchor leasing opportunity: one suite over 43,000 SF plus two junior anchor suites around 17,000 SF each.; Junior anchor suite formerly Planet Fitness, with locker room infrastructure still in place.
More about this property
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