7900 Central Ave SW Albuquerque, NM 87121

Building Details

Year Built

2011

Listing Agency SRS Real Estate Partners Newport Beach j***@hotmail.com

Listed by John Redfield · License #CA 01928036

Source Crexi

Added: Feb 14, 2024 Checked: Jul 16 at 5:14 am

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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.

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Similar Off Market Nearby

• CVS — 7900 Central Ave SW, Albuquerque, NM 87121
• Bradley E. Gibbs, RPH — Albuquerque, NM 87121, United States
• Victoria A. Fitzgerald, PharmD — 111 Coors Blvd NW, Albuquerque, NM 87121
• CVS Pharmacy — 7900 Central Ave SW, Albuquerque, NM 87121
• Luis Gonzalez — 301 Unser Blvd NW, Albuquerque, NM 87121

FAQs

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.