Albuquerque Net-Leased Albertson’s
For Sale
Contact for pricing
Pending
8100 Ventura St NE, Albuquerque, NM 87122
Net-leased Albertson’s supermarket in Albuquerque's Far Northeast Heights submarket.
Property Size41,402 SF
Lot Size4.76 Acres
Days on Market188
Property Features for 8100 Ventura St NE
General Information
Standard status
Pending
Size
41,402 SF
Class
B
Lot size
4.76 Acres
Property subtype
Retail
Building Details
Year Built
2020
Stories
1
Listing Agency:
CBRE - Albuquerque
(505) 837-4999
Listed By:
Jim Dountas · License #NM 45995
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Jul 24 at 2:17PM
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 CBRE - Albuquerque
Investment Insights
Based on property information with market context.
This offering is for a net-leased Albertson’s supermarket located at 8100 Ventura St E in Albuquerque, New Mexico. The property is in the Far Northeast Heights submarket. The freestanding building measures 45,431 square feet and is situated on a 4.76-acre parcel. The property is positioned just off Paseo del Norte NE and Ventura Street NE, identified as an active retail and commuter corridor in Albuquerque. This offering includes percentage rent in addition to the base rent. The property benefits from visibility and accessibility, with demographics and limited grocery competition in the immediate trade area. The site is surrounded by established national retailers, residential neighborhoods, and high-income households. Albertson’s operates under a net lease structure. The location serves as a community hub for daily-needs shopping and benefits from a loyal customer base.
Key Highlights
- Net‑leased to Albertson's, a major national grocery chain, providing stable, passive income
- Located in the highly desirable Far Northeast Heights submarket of Albuquerque, New Mexico
- Includes percentage rent in addition to base rent, offering potential for increased income
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
$595,133
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
8.00%
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%
$11,902,660
$11.9M
Cap Rate 7%
$8,501,900
$8.5M
Cap Rate 9%
$6,612,589
$6.6M
Market Conditions
NOI Build-Up for 41,402 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
$919.1K $22.20/SF
− Vacancy
−$68.9K −$1.67/SF
EGI
$850.2K $20.54/SF
− OpEx
−$255.1K −$6.16/SF
NOI
$595.1K $14.37/SF
Area
Albuquerque, NM
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$11,902,660
Cap Rate 7%
$8,501,900
Cap Rate 9%
$6,612,589
Alternative Uses
Best Use
Specialty Retail
$10.01M
$8.76M – $11.68M
NOI $700,522 @ 7.0% cap · market cap 9.42%
Second Best
Retail
$8.50M
$7.44M – $9.92M
NOI $595,133 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$10.02M
$8.76M – $11.69M
NOI $701,118 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 77%
Shops & Services 15%
Beauty & Spa 5%
Dining 3%
Trader Joe's
Groceries
46,005 visits/mo
0.1 miles
Albertsons
Groceries
26,917 visits/mo
0.1 miles
Petland
Shops & Services
7,016 visits/mo
0.2 miles
Massage Envy
Beauty & Spa
4,456 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
3,376 visits/mo
0.3 miles
Demographics for 87122, NM
18,225
Population
7,139
Households
2.6
Avg Household Size
50
Median Age
73%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
840
Density / Sq Mi
$161,299
Median Household Income
$83,874
Median Earnings
$1,900
Median Rent
$614,200
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 - Net-leased Albertson’s supermarket in Albuquerque's Far Northeast Heights submarket.
Where is this grocery and convenience store located?
The property is located at 8100 Ventura St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $7,434,964.
What are key features of this property?
This property features: Net‑leased to Albertson's, a major national grocery chain, providing stable, passive income; Located in the highly desirable Far Northeast Heights submarket of Albuquerque, New Mexico; Includes percentage rent in addition to base rent, offering potential for increased income
