Walgreens Absolute NNN
For Sale
Contact for pricing
Pending
2625 San Pedro Dr NE, Albuquerque, NM 87110
Leasehold interest with a drive-through lane and no landlord management or maintenance responsibilities under the lease.
Property SizeContact for details
Days on Market144
Property Features for 2625 San Pedro Dr NE
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: Sep 1 at 12:50AM
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 offered as a leasehold interest subject to a ground lease. The improvements operate under an absolute NNN lease, assigning landlord management and maintenance responsibilities away from the landlord. The site includes a drive-through lane supporting customer service from vehicles.
The lease has 12 years remaining in its original term and provides 5% rent increases every 5 years. Those increases also apply during each renewal option period if exercised. The property is located at 2625 San Pedro Dr NE in Albuquerque, New Mexico. Lease and property details should be verified during due diligence.
The lease has 12 years remaining in its original term and provides 5% rent increases every 5 years. Those increases also apply during each renewal option period if exercised. The property is located at 2625 San Pedro Dr NE in Albuquerque, New Mexico. Lease and property details should be verified during due diligence.
Key Highlights
- Walgreens leasehold interest subject to a ground lease
- Absolute NNN lease with no landlord management or maintenance responsibilities
- 12 years remaining in the original lease term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
388k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 44%
Dining 36%
Shops & Services 16%
Office Supplies 4%
JCPenney
Apparel
73,828 visits/mo
0.4 miles
Macy's
Apparel
69,947 visits/mo
0.3 miles
The Cheesecake Factory
Dining
60,058 visits/mo
0.4 miles
McDonald's
Dining
41,029 visits/mo
0.2 miles
Boot Barn
Apparel
23,339 visits/mo
0.5 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
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leasehold interest with a drive-through lane and no landlord management or maintenance responsibilities under the lease.
Where is this nnn property located?
The property is located at 2625 San Pedro Dr NE Albuquerque, NM.
What are key features of this property?
This property features: Walgreens leasehold interest subject to a ground lease; Absolute NNN lease with no landlord management or maintenance responsibilities; 12 years remaining in the original lease term
