Target Anchored Shopping Center
For Lease
Contact for pricing
8510 Montgomery Blvd NE, Albuquerque, NM 87111
Retail spaces available in high-volume shopping center with upcoming renovation.
Space Size1,477 SF - 2,960 SF
Days on Market745
Property Features for 8510 Montgomery Blvd NE
General Information
Standard status
Active
Size
1,477 SF - 2,960 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Multiple
Spaces For Lease
at 8510 Montgomery Blvd NE Contact us- Size
- 2,960 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
A-7
- Size
- 1,477 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
B-1
Listing Agency:
CBRE - Albuquerque
(505) 259-2325
Listed By:
Nao Hosaka · License #53304
Source:
Crexi
Added: Aug 15, 2024
Changed: Aug 19
Last Checked: Aug 28 at 10:59PM
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 retail property is located in a high-volume shopping center anchored by Target, which attracts over 1.4 million annual visits. The property is undergoing a renovation to provide a refreshed aesthetic. New ownership is focused on tenant success and synergy. Tenant allowance is available. The location benefits from plentiful parking accessible to retail tenants and visibility from Montgomery Boulevard, which sees 34,600 vehicles per day. The surrounding area has favorable demographics, with an average household income of $97,802 within a 1-mile radius.
Key Highlights
- Target‑anchored shopping center with high foot traffic (over 1.4M annual visits).
- Excellent visibility** from Montgomery Blvd (34,600 VPD).
- Strong surrounding demographics: $97,802 Average Household Income within 1 mile radius.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.68 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
305k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 31%
Superstores 31%
Groceries 3%
Target
Superstores
94,271 visits/mo
0.2 miles
Michaels
Shops & Services
35,651 visits/mo
0.3 miles
McDonald's
Dining
31,733 visits/mo
0.4 miles
Party City
Shops & Services
22,816 visits/mo
0.3 miles
7 Brew Coffee
Dining
19,095 visits/mo
0.4 miles
Demographics for 87111, NM
56,121
Population
28,192
Households
2
Avg Household Size
45
Median Age
56%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
4,419
Density / Sq Mi
$84,511
Median Household Income
$52,350
Median Earnings
$1,310
Median Rent
$349,200
Median Home Value
Market
Lease Benchmarks for Albuquerque, NM
$12.5 /SF/Yr
Avg Asking Price
$9–$16 /SF/Yr
Price Range
19,204 SF
Avg Space Size
This space is priced 96% above the average of $12.5 /SF/Yr.
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
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Similar Off Market Nearby
- Los Altos Shopping Center — 4200 Wyoming Blvd NE, Albuquerque, NM 87111
- Montgomery Crossing — 4410 Wyoming Blvd NE, Albuquerque, NM 87111
- Sierra Vista Shopping Center — 9500 Montgomery Blvd NE, Albuquerque, NM 87111
- Pampered Nails & Alterations — Scottsdale Village, Eubank Blvd NE, Albuquerque, NM 87111
- Promenade — 5200 Eubank Blvd NE, Albuquerque, NM 87111
Frequently Asked Questions
What type of property is this?
Shopping center - Retail spaces available in high-volume shopping center with upcoming renovation.
Where is this shopping center located?
The property is located at 8510 Montgomery Blvd NE Albuquerque, NM.
What is the lease rate?
The lease rate is $24.50 SF/Yr.
What are key features of this property?
This property features: Target‑anchored shopping center with **high foot traffic (over 1.4M annual visits).**; Excellent visibility** from Montgomery Blvd (34,600 VPD).; Strong surrounding demographics: $97,802 Average Household Income within 1 mile radius.
