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    3632 Menaul Blvd Albuquerque, NM 87110

    For Lease
    $12 SF/Yr ($16,284 /Mo)

    High-visibility, freestanding Albuquerque retail space.

    Lot size:
    16,284 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 16,284 square foot freestanding retail or restaurant building is available for immediate sublease at 3632 Menaul Blvd NE, Albuquerque, NM 87110. The property boasts superior visibility and multiple access points, ensuring high traffic exposure. Located along Menaul Boulevard, this space benefits from excellent exposure to a daily traffic count exceeding 24,890 vehicles. The building is in excellent condition and offers the rare advantage of a drive-thru, a highly desirable feature for many businesses. Its strategic location provides convenient access to major thoroughfares, including I-40 and I-25, enhancing its appeal to a wide customer base. The sublease agreement with Walgreens is in place until October 31, 2033. All offers are subject to the approval of the Walgreens Real Estate Committee. This presents a unique opportunity to secure a prime retail location in a high-traffic area of Albuquerque. The single-tenant occupancy ensures a streamlined operational environment. Don't miss this chance to establish your business in this highly visible and accessible space.

    Property Features for 3632 Menaul Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,284 SF
    Total Rate
    16284

    Unit(s) available at that property

    Space
    Size
    16,284 SF
    Rate per SF
    $12

    HighLights

    • 16,284 SF freestanding retail/restaurant building available for immediate sublease at 3632 Menaul Blvd NE, Albuquerque, NM.
    • High visibility & multiple access points on Menaul Blvd, with daily traffic exceeding 24,890 vehicles.
    • Excellent condition with a drive‑thru.
    • Convenient access to I‑40 and I‑25.
    • Sublease through October 31, 2033 (Walgreens approval required).
    • Single‑tenant occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Walgreens Photo Passport Photo Processor Keo K. Vongvichith, ... Pharmacy FedEx OnSite Mailing Service Walgreens Drug Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albuquerque
    County
    Bernalillo
    State
    New Mexico
    Longitude
    -106.60307428451
    Latitude
    35.109107239409

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    FAQs

    What type of property is this?
    Restaurant - High-visibility, freestanding Albuquerque retail space.
    Where is this restaurant located?
    The property is located at 3632 Menaul Blvd Albuquerque, NM.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 16,284 SF freestanding retail/restaurant building available for immediate sublease at 3632 Menaul Blvd NE, Albuquerque, NM.; High visibility & multiple access points on Menaul Blvd, with daily traffic exceeding 24,890 vehicles.; Excellent condition with a drive-thru.
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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
    3632 Menaul Blvd Albuquerque, NM 87110
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