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    7900 Central Ave Albuquerque, NM 87121

    Sponsored
    For Sale
    $3,277,000

    High-yield CVS, 11+ years remaining.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Albuquerque, NM property offers a compelling investment opportunity with a CVS Pharmacy on a 1.95-acre lot. The absolute NNN lease boasts a strong 8.75% cap rate and $286,739 NOI, with approximately 10.9 years remaining on the initial lease term. Built in 2011, this 100% occupied, drive-thru equipped retail building benefits from a prime location at a signalized, hard corner intersection within a dense retail corridor near Atrisco Plaza and other shopping centers. The property features convenient parking (5.04 spaces per 1,000 sq ft) and is zoned MX-M (Mixed Use). The lease includes extension options: one 4-year, 3-month option and seven 5-year options, showcasing the tenant's long-term commitment. This investment-grade tenant (S&P: BBB) provides a low-management, high-return opportunity. The lease commenced September 23, 2010, and expires October 30, 2035. The property's address is 7900 Central Ave SW, Albuquerque, NM 87121, with APN 1-010-057-145-133-3-03-10. The asking price is $3,277,000.

    Property Features for 7900 Central Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    84,942 SF

    Building Details

    Year Built
    2011

    HighLights

    • $3,277,000 asking price for a CVS Pharmacy retail property.
    • Absolute NNN lease with zero landlord responsibilities.
    • 10.9 years remaining on the lease, plus extension options.
    • 8.75% cap rate with a $286,739 NOI.
    • Located on a signalized, hard corner intersection in a dense retail corridor of Albuquerque, NM.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Drug Store CVS Photo Passport Photo Processor CVS Pharmacy Pharmacy CDReload - Online Bitcoin ... Money Transfer Service CDReload at CVS Crypto Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.723556
    Latitude
    35.076161

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    FAQs

    What type of property is this?
    Individual retail property - High-yield CVS, 11+ years remaining.
    Where is this individual retail property located?
    The property is located at 7900 Central Ave Albuquerque, NM.
    What is the asking price?
    The asking price for this property is $3,277,000.
    What are key features of this property?
    This property features: $3,277,000 asking price for a CVS Pharmacy retail property.; Absolute NNN lease with zero landlord responsibilities.; 10.9 years remaining on the lease, plus extension options.
    Request Owner's contact information
    7900 Central Ave Albuquerque, NM 87121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7900 Central Ave Albuquerque, NM 87121
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