Absolute NNN
For Sale
$515,225
5401 Kathryn Ave SE, Albuquerque, NM 87108
Gas station and convenience store leased under an absolute net structure with tenant responsibility for property-level expenses.
Property SizeContact for details
Days on Market51
Property Features for 5401 Kathryn Ave SE
General Information
Standard status
Active
Property subtype
Investment
Zoning
MX-L
Additional Details
Cap Rate
7.75%
Building Details
Tenancy
Single
Listing Agency:
Epic Real Estate
(505) 263-5350
Listed By:
Mark Thompson · License #15833
(505) 263-5350
Source:
Carnm.resimplifi
Added: Jul 11
Changed: Aug 30
Last Checked: Aug 30 at 7:32AM
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 Epic Real Estate
Investment Insights
Based on property information with market context.
This NNN property combines an operating gas station with a remodeled DK Convenience Store at 5401 Kathryn Ave SE in Albuquerque. The property is occupied under an absolute net lease, placing property taxes, insurance, maintenance, repairs, utilities, and other listed expenses with the tenant.
The tenant relationship extends more than 45 years, with the current lease scheduled through 11/30/2029. A further 5-year extension is available through 11/30/2034, subject to a 10% rent escalation. The property carries MX-L zoning and is offered as an individual asset, with up to two similar Alon Gas Station and DK Convenience Store properties also available for portfolio acquisition.
The tenant relationship extends more than 45 years, with the current lease scheduled through 11/30/2029. A further 5-year extension is available through 11/30/2034, subject to a 10% rent escalation. The property carries MX-L zoning and is offered as an individual asset, with up to two similar Alon Gas Station and DK Convenience Store properties also available for portfolio acquisition.
Key Highlights
- Absolute net lease includes tenant payment of taxes, insurance, maintenance, repairs, and utilities
- Lease term runs through 11/30/2029
- Additional 5‑year option extends the lease through 11/30/2034
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 23%
McDonald's
Dining
24,416 visits/mo
0.5 miles
Murphy USA
Shops & Services
15,490 visits/mo
0.5 miles
SONIC Drive In
Dining
12,118 visits/mo
0.5 miles
Burger King
Dining
7,458 visits/mo
0.5 miles
Taco Bell
Dining
6,845 visits/mo
0.5 miles
Demographics for 87108, NM
36,773
Population
19,153
Households
1.9
Avg Household Size
39
Median Age
33%
College-Educated
85%
High-School Grad
5.9 sq mi
ZIP Area
6,233
Density / Sq Mi
$39,578
Median Household Income
$31,478
Median Earnings
$828
Median Rent
$227,600
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 - Gas station and convenience store leased under an absolute net structure with tenant responsibility for property-level expenses.
Where is this nnn property located?
The property is located at 5401 Kathryn Ave SE Albuquerque, NM.
What is the asking price?
The asking price for this property is $515,225.
What are key features of this property?
This property features: Absolute net lease includes tenant payment of taxes, insurance, maintenance, repairs, and utilities; Lease term runs through 11/30/2029; Additional 5‑year option extends the lease through 11/30/2034
