5161 Lang Ave NE, Albuquerque, NM 87109

Building Details

Year Built

2017

Listing agent Jim Dountas License #NM 45995

Listing office CBRE - Albuquerque j***@cbre.com Show Phone

Listing date Jun 9, 2026

Source Crexi

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Overview

This one-of-a-kind retail strip center investment is being offered in the north Albuquerque Journal Center submarket. The property is described as shadow anchored by a top Bass Pro Shops, with the surrounding area characterized by Class A office and multi-family development.

Located at 5161 Lang Ave NE in Albuquerque, the center is positioned to serve both nearby residents and consumers traveling for the Bass Pro experience. The asset is presented as Legacy @ Journal Center Shops and is offered to buyers seeking a retail investment tied to an established regional draw.

The offering is presented at a 7.5% cap rate and is described as providing predictable annual cash on cash return. For investors or retail-oriented buyers, this asset’s configuration around a major anchor draw may be relevant when evaluating submarket retail demand and tenant positioning in a retail strip environment.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Albuquerque

County

Sandoval

State

New Mexico

Longitude

-106.5867024

Latitude

35.1731706

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FAQs

What type of property is this?

Strip mall - Shadow-anchored strip center positioned near Bass Pro Shops within the Journal Center submarket.

Where is this strip mall located?

The property is located at 5161 Lang Ave NE Albuquerque, NM.

What is the asking price?

The asking price for this property is $3,930,000.

What are key features of this property?

This property features: Retail strip center investment built in 2017; Shadow‑anchored strip center positioned near Bass Pro Shops in the Journal Center submarket; Offered at a 7.5% cap rate