Absolute NNN Gas Station
For Sale
$393,445
2120 Broadway Blvd SE, Albuquerque, NM 87102
Established convenience retail operation under an absolute net lease with limited landlord responsibilities.
Property SizeContact for details
Days on Market342
Property Features for 2120 Broadway Blvd SE
General Information
Standard status
Active
Property subtype
Investment
Zoning
MX-H
Additional Details
Cap Rate
7.75%
Listing Agency:
Epic Real Estate
Listed By:
Mark Thompson
(505) 263-5350
Source:
Carnm.resimplifi
Added: Nov 5, 2025
Changed: Oct 3
Last Checked: Oct 12 at 4:39PM
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 Epic Real Estate
Investment Insights
Based on property information with market context.
This Albuquerque property combines a gas station with a remodeled convenience store and is occupied under an absolute net lease. The tenant has operated at the site for more than 10 years, with the current agreement scheduled to continue through 11/30/2029. A further five-year extension is available through 11/30/2034, subject to a 10% rent escalation.
The lease places property taxes, insurance, maintenance, repairs, utilities, and other operating expenses with the tenant, reducing ongoing landlord obligations. The property is zoned MX-H and is located at 2120 Broadway Blvd SE in Albuquerque, NM 87102. The reported 7.75% cap rate and the possibility of acquiring up to two comparable properties as a portfolio provide additional transaction context.
The lease places property taxes, insurance, maintenance, repairs, utilities, and other operating expenses with the tenant, reducing ongoing landlord obligations. The property is zoned MX-H and is located at 2120 Broadway Blvd SE in Albuquerque, NM 87102. The reported 7.75% cap rate and the possibility of acquiring up to two comparable properties as a portfolio provide additional transaction context.
Key Highlights
- Absolute net lease in place through 11/30/2029
- Additional 5 year option extends through 11/30/2034 with 10% rent escalation
- Tenant pays property taxes, insurance, maintenance, repairs, utilities, and other expenses
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Electronics 39%
Mexico Lindo
Dining
4,055 visits/mo
0.4 miles
Church's Chicken
Dining
3,895 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
3,249 visits/mo
0.5 miles
Boost Mobile
Electronics
1,113 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
810 visits/mo
0.5 miles
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Albuquerque, NM
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Frequently Asked Questions
What type of property is this?
NNN property - Established convenience retail operation under an absolute net lease with limited landlord responsibilities.
Where is this nnn property located?
The property is located at 2120 Broadway Blvd SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $393,445.
What are key features of this property?
This property features: Absolute net lease in place through 11/30/2029; Additional 5 year option extends through 11/30/2034 with 10% rent escalation; Tenant pays property taxes, insurance, maintenance, repairs, utilities, and other expenses
