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Ground Lease with National Tenant
For Sale
$1,600,000

2707 Carlisle Blvd NE, Albuquerque, NM 87107

Ground lease with national credit tenant in front of Walmart.

Property SizeContact for details
Days on Market230

Property Features for 2707 Carlisle Blvd NE

General Information

Standard status Active
Property subtype Retail
Zoning MX-M
Listing Agency: NAI 1st Valley Realty
Listed By: Preston Williams · License #REC-2022-0751
Source: Carnm.resimplifi
Added: Feb 8 Changed: Sep 26 Last Checked: Sep 26 at 3:28AM

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 NAI 1st Valley Realty

Investment Insights

Based on property information with market context.

This property features a ground lease with a national credit tenant, Murphy Oil USA, Inc., situated on a pad in front of a Walmart Supercenter. The location is approximately 1/2 mile from Interstate 40. Neighboring tenants include Starbucks, AutoZone, World Market, Jack in the Box, and Whataburger. The lease runs through February 28, 2034. The tenant has four five-year options to renew the lease, with rent increases of 8% every 5 years.

Key Highlights

  • Ground lease with national credit tenant Murphy Oil USA, Inc.
  • Lease extends through February 28, 2034.
  • Tenant has four, five‑year options to renew.

Property Analytics

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Current Use

Murphy USA Gas Station

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery Travel Agency Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,500
Businesses Nearby
442k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 37% Dining 35% Apparel 10% Shops & Services 9%
Walmart Superstores
162,634 visits/mo 0.3 miles
McDonald's Dining
36,907 visits/mo 0.2 miles
Savers Thrift Store Apparel
30,395 visits/mo 0.1 miles
Rudy's Country Store & Bar-B-Q Dining
28,797 visits/mo 0.3 miles
Whataburger Dining
26,887 visits/mo 0.1 miles

Demographics for 87107, NM

30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Ground lease with national credit tenant in front of Walmart.
Where is this retail space located?
The property is located at 2707 Carlisle Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Ground lease with national credit tenant Murphy Oil USA, Inc.; Lease extends through February 28, 2034.; Tenant has four, five‑year options to renew.
More about this property
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