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Renovated Uptown Two-Tenant Building

7001 Menaul Blvd NE, Albuquerque, NM

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For Sale

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Two-tenant building in Uptown with long-term leases and strong tenants.

Type:RETAIL

Property size:

7,084 SF

Lot size:

0.56 Acres

Price / SF:

$306/SF

HighLights

Financially strong Cannabis Dispensary occupies the bottom floor (4,300+- SF) with a long‑term NNN lease and annual rent increases.
Upstairs (2,576+- SF) is owner‑occupied by a financially strong office user with a long‑term NNN lease and annual rent increases, but can be vacated for owner occupancy.
Great Uptown location on Menaul, just East of Louisiana, offering strong visibility and signage via a large digital monument sign.
Recently remodeled interior and exterior provide a modern and appealing aesthetic.
Both leases have 4+- years remaining on the initial term.
Features 12 on‑site parking spaces, plus additional street parking and parking at an adjacent property.

We can help!

Listing Contact

Steven Coe

For Sale

Contact for pricing

Two-tenant building in Uptown with long-term leases and strong tenants.

Type:RETAIL

Property size:

7,084 SF

Lot size:

0.56 Acres

Price / SF:

$306/SF

Added:: Apr 22, 2025
Days on Market:: 419
Last Refresh:: May 19 at 9:00 pm

Property Features for 7001 Menaul Blvd NE

General Information

Standard status: Active
Size: 7,084 SF
Lot size: 0.56 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Steven Coe

Listing agent Steven Coe

Listing office COE Properties Inc

Listing date Apr 22, 2025

Source Moodyscre

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 COE Properties Inc

HighLights

Financially strong Cannabis Dispensary occupies the bottom floor (4,300+- SF) with a long‑term NNN lease and annual rent increases.
Upstairs (2,576+- SF) is owner‑occupied by a financially strong office user with a long‑term NNN lease and annual rent increases, but can be vacated for owner occupancy.
Great Uptown location on Menaul, just East of Louisiana, offering strong visibility and signage via a large digital monument sign.
Recently remodeled interior and exterior provide a modern and appealing aesthetic.
Both leases have 4+- years remaining on the initial term.
Features 12 on‑site parking spaces, plus additional street parking and parking at an adjacent property.

Overview

This nicely renovated two-tenant building is located in Uptown on Menaul, just east of Louisiana. The bottom floor, comprising approximately 4,300 square feet, is occupied by a financially strong cannabis dispensary with a long-term NNN lease in place with approximately 4 years remaining on the initial term and annual rent increases. The upstairs area, consisting of approximately 2,576 square feet, is owner-occupied by a financially strong office user, also with a long-term NNN lease in place with approximately 4 years remaining on the initial term and annual rent increases, but is willing to vacate if the buyer desires owner occupancy. The property benefits from strong visibility and signage, including a large digital monument sign. The interior and exterior have been recently remodeled. On-site parking includes 12 spaces, with additional parking available on the street and at an adjacent property. The building features a modern exterior and interior remodel, refrigerated air and central heat, and 3-phase power. The total property size is 7,084 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$170.0k	$24.00
− Vacancy	−$10.2k	−$1.44
EGI	$159.8k	$22.56
− OpEx	−$40.0k	−$5.64
NOI	$119.9k	$16.92

7,084 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,861 @ 7.0% cap · market cap 5.52%

Second Best

Retail

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,829 @ 7.0% cap · market cap 4.69%

Theoretical Best

Office A

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,963 @ 7.0% cap · market cap 5.53%

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

Property Profile Location Intelligence

Current Use by Public Records

Absolute Offices Real Estate Agency Uptown Property Group Loan Service Self Storage Storage Facility Top Crop Cannabis ... (Bike/Boat/Book/etc) Store Albuquerque Counseling Therapy Counselor

Suggested Use

Location Insight

Map
Local Demand

City: Albuquerque
County: Sandoval
State: New Mexico
Longitude: -106.566
Latitude: 35.1095

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For sale
Retail space
NM
Albuquerque
7001 Menaul Blvd NE

What type of property is this?

Retail space - Two-tenant building in Uptown with long-term leases and strong tenants.

Where is this retail space located?

The property is located at 7001 Menaul Blvd NE Albuquerque, NM.

What is the asking price?

The asking price for this property is $2,170,000.

What are key features of this property?

This property features: Financially strong Cannabis Dispensary occupies the bottom floor (4,300+- SF) with a long‑term NNN lease and annual rent increases.; Upstairs (2,576+- SF) is owner‑occupied by a financially strong office user with a long‑term NNN lease and annual rent increases, but can be vacated for owner occupancy.; Great Uptown location on Menaul, just East of Louisiana, offering strong visibility and signage via a large digital monument sign.

7001 Menaul Blvd NE, Albuquerque, NM

Two-tenant building in Uptown with long-term leases and strong tenants.

Property Features for 7001 Menaul Blvd NE

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Prime Albuquerque Retail Portfolio

Assisted Living Residential Facility

Albuquerque Multifamily Investment Opportunity

Soft-Gated Multifamily Community

Climate-Controlled Flex Warehouse with Bay Door

Industrial Property with Inspection Pit

South Valley Investment Opportunity

Restored Adobe Duplex Property

Albuquerque Fourplex with Laundry

UNM Area Apartment Complex

Turnkey Assisted Living Facility

Albuquerque Freestanding Commercial Property

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