Walgreens NNN Property with
For Sale
Contact for pricing
Pending
1861 Main St NW, Los Lunas, NM 87031
Long-term absolute NNN lease with scheduled rent increases and a drive-through lane.
Property SizeContact for details
Days on Market142
Property Features for 1861 Main St NW
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:54AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This Walgreens property is occupied under a long-term absolute NNN lease, placing landlord management and maintenance responsibilities with the tenant. The site includes a drive-through lane, a feature that supports customer service from vehicles and is central to the property’s operating configuration.
Lease economics include 5% rent increases every 5 years through the original term and the 12 five-year renewal options, if exercised. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; the parent company does not guarantee the lease. The property is located in Los Lunas near a retail corridor with Walmart Supercenter, Lowe’s, Home Depot, and multiple national restaurant and service retailers.
Lease economics include 5% rent increases every 5 years through the original term and the 12 five-year renewal options, if exercised. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; the parent company does not guarantee the lease. The property is located in Los Lunas near a retail corridor with Walmart Supercenter, Lowe’s, Home Depot, and multiple national restaurant and service retailers.
Key Highlights
- Long‑term absolute NNN lease with no landlord management or maintenance responsibilities
- 5% rent increases every 5 years during the original term
- 12 five‑year renewal options, if exercised
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
463k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 20%
Superstores 18%
Home Improvements & Furnishings 14%
Walmart
Superstores
83,319 visits/mo
0.4 miles
McDonald's
Dining
30,829 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
30,325 visits/mo
0.3 miles
Panda Express
Dining
28,505 visits/mo
0.4 miles
Circle K
Shops & Services
25,932 visits/mo
0.2 miles
Demographics for 87031, NM
45,208
Population
16,917
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
255.5 sq mi
ZIP Area
177
Density / Sq Mi
$61,947
Median Household Income
$34,167
Median Earnings
$1,083
Median Rent
$206,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term absolute NNN lease with scheduled rent increases and a drive-through lane.
Where is this nnn property located?
The property is located at 1861 Main St NW Los Lunas, NM.
What are key features of this property?
This property features: Long‑term absolute NNN lease with no landlord management or maintenance responsibilities; 5% rent increases every 5 years during the original term; 12 five‑year renewal options, if exercised
