Albuquerque CVS Investment
For Sale
Contact for pricing
Pending
7900 Central Ave SW, Albuquerque, NM 87121
NNN leased CVS in Albuquerque with drive-thru.
Property SizeContact for details
Days on Market930
Property Features for 7900 Central Ave SW
General Information
Standard status
Pending
Property subtype
Retail
Zoning
MX-M (Mixed Use)
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$286,739
Building Details
Year Built
2011
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Feb 14, 2024
Changed: Aug 24
Last Checked: Aug 29 at 10:46AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This is an opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased CVS property located in Albuquerque, New Mexico. The tenant is investment grade (S&P: BBB) and equipped with a drive-thru. The tenant has approximately 11 years remaining on the lease, with one 4-year, 3-month option and seven 5-year options to extend, demonstrating their commitment to the location. The lease is absolute NNN with zero landlord responsibilities.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities, ideal for management‑free, out‑of‑state investors.
- Investment grade credit rating (S&P: BBB) tenant, CVS Pharmacy.
- Approximately 11 years remaining on the initial lease term.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Circle K
Shops & Services
8,596 visits/mo
0.4 miles
Pizza Hut
Dining
3,528 visits/mo
0.5 miles
CubeSmart Self Storage
Shops & Services
974 visits/mo
0.4 miles
Demographics for 87121, NM
77,802
Population
26,118
Households
3
Avg Household Size
31
Median Age
13%
College-Educated
80%
High-School Grad
336.9 sq mi
ZIP Area
231
Density / Sq Mi
$59,184
Median Household Income
$34,738
Median Earnings
$1,277
Median Rent
$192,500
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- John's Pharmacy — 9134 Central Ave SE, Albuquerque, NM 87123
- Hien Vu — 7105 Central Ave NE, Albuquerque, NM 871082011
- Stephanie Montoya — 7105 Central Ave NE, Albuquerque, NM 871082011
- Barbara L. Hougas, RP — 7010 Central Ave SE, Albuquerque, NM 87108
- Albuquerque Pharmacy — 500 Louisiana Blvd NE, Albuquerque, NM 87108
Frequently Asked Questions
What type of property is this?
Drug store - NNN leased CVS in Albuquerque with drive-thru.
Where is this drug store located?
The property is located at 7900 Central Ave SW Albuquerque, NM.
What is the asking price?
The asking price for this property is $2,797,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, ideal for management‑free, out‑of‑state investors.; Investment grade credit rating (S&P: BBB) tenant, CVS Pharmacy.; Approximately 11 years remaining on the initial lease term.
