Albuquerque Retail Investment
For Sale
Contact for pricing
5901 Isleta Blvd SW, Albuquerque, NM 87105
Family Dollar NNN property for sale in Albuquerque's South Valley.
Property Size8,320 SF
Price / SF$216.28
Days on Market202
Property Features for 5901 Isleta Blvd SW
General Information
Standard status
Active
Size
8,320 SF
Class
B
Property subtype
Retail
Zoning
C-1
Listing Agency:
The Alexander Group
Listed By:
Alex Rodriguez, CCIM · License #CA DRE 01803607
Source:
Crexi
Added: Jan 21
Changed: Aug 8
Last Checked: Aug 8 at 2:56PM
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 The Alexander Group
Investment Insights
Based on property information with market context.
This Family Dollar property, located at 5901 Isleta Blvd SW, Albuquerque, NM 87105-6629, presents a strong investment opportunity. The 8,320 square foot property is anchored by a nationally recognized discount retailer serving the surrounding community. Positioned along a well-traveled corridor in Albuquerque’s South Valley, the site benefits from consistent daily traffic, strong neighborhood density, and convenient accessibility. Family Dollar’s value-oriented retail model drives steady customer demand, making the location a reliable neighborhood shopping destination. With its established presence, essential-goods focus, and straightforward operations, this property represents a compelling addition to a long-term net-lease investment portfolio in the Albuquerque market. The net operating income is based on a blended cap rate of 7.56%, factoring in a 10% rental increase due on 05/01/2027.
Key Highlights
- Absolute NNN lease offers a truly passive investment.
- Anchored by Family Dollar, a nationally recognized retailer.
- Located on a well‑traveled corridor in Albuquerque's South Valley.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,012
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,880,240
$1.9M
Cap Rate 7%
$1,343,029
$1.3M
Cap Rate 9%
$1,044,578
$1.0M
Market Conditions
NOI Build-Up for 8,320 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$134.8K $16.20/SF
− Vacancy
−$9.4K −$1.13/SF
EGI
$125.3K $15.07/SF
− OpEx
−$31.3K −$3.77/SF
NOI
$94.0K $11.30/SF
Area
ZIP 87105
Vacancy
7.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,880,240
Cap Rate 7%
$1,343,029
Cap Rate 9%
$1,044,578
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.18M – $1.57M
NOI $94,012 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$1.14M
$999.2K – $1.33M
NOI $79,934 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,076 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,987 visits/mo
0.0 miles
Demographics for 87105, NM
54,151
Population
20,263
Households
2.7
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
40.2 sq mi
ZIP Area
1,347
Density / Sq Mi
$49,928
Median Household Income
$32,490
Median Earnings
$972
Median Rent
$200,300
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?
Grocery and convenience store - Family Dollar NNN property for sale in Albuquerque's South Valley.
Where is this grocery and convenience store located?
The property is located at 5901 Isleta Blvd SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,799,471.
What are key features of this property?
This property features: Absolute NNN lease offers a truly passive investment.; Anchored by Family Dollar, a nationally recognized retailer.; Located on a well‑traveled corridor in Albuquerque's South Valley.
