Property summary
This exceptional investment opportunity presents a 4,548 square foot, multi-tenant retail property located in Bernalillo, New Mexico, at 242 US-550 Hwy N, 87004. The property features two free-standing buildings on a 0.44-acre lot, currently occupied by a Subway and an R. Greenleaf cannabis dispensary, both under corporate NNN leases. The Subway tenant, established in 1993, occupies 1,280 square feet and has a lease with 19 years remaining, including three 5-year renewal options with annual… rent increases. The R. Greenleaf tenant occupies 3,268 square feet under a new 10-year lease with two 5-year renewal options, featuring 10% rent increases every five years. The property boasts 100% occupancy, generating a strong net operating income (NOI) of $211,173, resulting in an 8.75% cap rate. The asking price is $2,413,000. Built in 1993 and renovated in 2024, the property is zoned for special use and includes a recently repaired and restriped parking lot. The property benefits from a prime location on a major retail thoroughfare with high visibility and significant daily traffic, situated near I-25 and surrounded by other national retailers. This fee-simple ownership (land and building) offers a compelling investment opportunity with long-term lease security and built-in rent growth. The property's strong tenant mix, favorable lease terms, and strategic location make it an ideal acquisition for investors seeking a stable, high-yield asset.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
11 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,548 SF
- Lot area
- 0.44 ac
- Year built
- 1993
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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