Corporate-Leased NNN Retail
For Sale
$7,250,000
4340 San Mateo Boulevard NE, Albuquerque, NM 87110
Two fully leased parcels combine retail improvements with net lease structures and MX-L* zoning.
Property Size16,104 SF
Lot Size1.49 Acres
Price / SF$450.20
Days on Market105
Property Features for 4340 San Mateo Boulevard NE
General Information
Standard status
Active
Size
16,104 SF
Lot size
1.49 Acres
Occupancy
100%
Site & Location
Corner Location
Yes
Traffic Count
80,000 vehicles/day
Listing Agency:
Berkshire Hathaway NM Prop
Listed By:
Jacob E Lopez · License #50903
(505) 328-5156
Source:
Thesouthwestlife
Added: Jul 3
Changed: Oct 14
Last Checked: Oct 7 at 1:09PM
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 Berkshire Hathaway NM Prop
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Investment Insights
Based on property information with market context.
This two-parcel NNN retail portfolio includes approximately 16,104 SF of building area on 1.49 acres. The principal improvement at 4340 San Mateo Boulevard NE is a 14,454 SF big-box retail building situated on 1.24 acres. Both parcels are fully leased under net lease structures, and the anchor property carries a corporate guarantee from CVS Pharmacy.
The portfolio occupies the intersection of Montgomery Boulevard and San Mateo Boulevard NE in Albuquerque, positioned at a reported traffic volume of 75,000 to 80,000 vehicles per day. The property is zoned MX-L* and has connections for electricity, natural gas, sewer, and water. Additional site details include paved access from a city street.
The portfolio occupies the intersection of Montgomery Boulevard and San Mateo Boulevard NE in Albuquerque, positioned at a reported traffic volume of 75,000 to 80,000 vehicles per day. The property is zoned MX-L* and has connections for electricity, natural gas, sewer, and water. Additional site details include paved access from a city street.
Key Highlights
- Approximately 16,104 SF of retail building area across two parcels
- 1.49‑acre portfolio with both parcels fully leased under net lease structures
- 14,454 SF big‑box retail building on 1.24 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,480
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,449,600
$5.4M
Cap Rate 7%
$3,892,571
$3.9M
Cap Rate 9%
$3,027,556
$3.0M
Market Conditions
NOI Build-Up for 16,104 SF
Gross rent
$386.5K $24.00/SF
− Vacancy
−$23.2K −$1.44/SF
EGI
$363.3K $22.56/SF
− OpEx
−$90.8K −$5.64/SF
NOI
$272.5K $16.92/SF
Area
Albuquerque, NM
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,449,600
Cap Rate 7%
$3,892,571
Cap Rate 9%
$3,027,556
Alternative Uses
Best Use
Specialty Retail
$3.89M
$3.41M – $4.54M
NOI $272,480 @ 7.0% cap · market cap 3.76%
Second Best
Retail
$3.31M
$2.89M – $3.86M
NOI $231,487 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $272,712 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
80,000 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
473k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Apparel 22%
Shops & Services 12%
Groceries 10%
Raising Cane's Chicken Fingers
Dining
72,902 visits/mo
0.1 miles
Ross Dress for Less
Apparel
55,862 visits/mo
0.1 miles
Chick-fil-A
Dining
46,909 visits/mo
0.0 miles
Albertsons
Groceries
46,084 visits/mo
0.1 miles
T.J. Maxx
Apparel
28,747 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albuquerque, NM
Frequently Asked Questions
What type of property is this?
NNN property - Two fully leased parcels combine retail improvements with net lease structures and MX-L* zoning.
Where is this nnn property located?
The property is located at 4340 San Mateo Boulevard NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: Approximately 16,104 SF of retail building area across two parcels; 1.49‑acre portfolio with both parcels fully leased under net lease structures; 14,454 SF big‑box retail building on 1.24 acres
