Freestanding Advance Auto Parts For
2807 San Mateo Blvd NE, Albuquerque, NM 87110
For Sale
$2,634,076
Single tenant, absolute NNN lease in Albuquerque MSA.
Property Size6,912 SF
Days on Market254
Property Features for 2807 San Mateo Blvd NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Legacy Real Estate
Listed By:
Dominic Shamany · License MI #6506047766
(248) 450-3259
Source:
Legacycrea
Added: Mar 6
Changed: Aug 8
Last Checked: Apr 11 at 1:11PM
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 Legacy Real Estate
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Investment Insights
Based on property information with market context.
This single-tenant, free-standing property is leased to Advance Auto Parts under an absolute NNN lease structure, meaning zero landlord responsibilities. Located within the Albuquerque MSA, ranked #61, this essential retailer demonstrates pandemic and recession-resistant tenancy. The site benefits from high traffic counts, with over 36,000 vehicles passing daily on San Mateo Blvd NE. The surrounding area is affluent, with 122,765 residents within a 3-mile radius and 323,934 within a 5-mile radius. Advance Auto Parts has a Standard & Poor's credit rating of "BBB-". The location also benefits from a strong daytime employee presence, with over 11,000 employees within a 1-mile radius and 118,000 within a 3-mile radius.
Key Highlights
- Absolute NNN Lease Structure - 0 Landlord Responsibilities
- Single Tenant Free‑Standing Advance Auto Parts
- High Traffic Counts - 36,000+ Vehicles Pass Site Daily on San Mateo Blvd NE**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,357
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,140
$2.0M
Cap Rate 7%
$1,419,386
$1.4M
Cap Rate 9%
$1,103,967
$1.1M
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$153.4K $22.20/SF
− Vacancy
−$11.5K −$1.67/SF
EGI
$141.9K $20.54/SF
− OpEx
−$42.6K −$6.16/SF
NOI
$99.4K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,987,140
Cap Rate 7%
$1,419,386
Cap Rate 9%
$1,103,967
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,357 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$594.1K
$519.8K – $693.1K
NOI $41,586 @ 7.0% cap · market cap 1.58%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,051 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
117k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 37%
Apparel 11%
Home Improvements & Furnishings 5%
dd's DISCOUNTS
Shops & Services
30,851 visits/mo
0.5 miles
Starbucks
Dining
12,427 visits/mo
0.5 miles
Big 5 Sporting Goods
Apparel
12,391 visits/mo
0.1 miles
Shell
Shops & Services
10,226 visits/mo
0.2 miles
Burger King
Dining
10,059 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Automotive properties in Albuquerque
Vacancy Rate% for Retail in Albuquerque, NM
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 2400 San Mateo Pl NE, Albuquerque, NM 87110
Frequently Asked Questions
What type of property is this?
Automotive property - Single tenant, absolute NNN lease in Albuquerque MSA.
Where is this automotive property located?
The property is located at 2807 San Mateo Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,634,076.
What are key features of this property?
This property features: Absolute NNN Lease Structure - 0 Landlord Responsibilities; Single Tenant Free‑Standing Advance Auto Parts; High Traffic Counts - 36,000+ Vehicles Pass Site Daily on San Mateo Blvd NE**
