315 N Main St Belen, NM 87002
For Sale
1 / 5
Introducing Walgreens - Belen, NM, a prime investment opportunity in the bustling Albuquerque MSA. This 14,259 SF freestanding retail property with a drive-thru is situated on 1.56 acres and is offered at a compelling sale price of $4,741,828, boasting a solid cap rate of 7.0%. Key investment highlights include Strong Reported sales, a lease with Walgreens Co., featuring an absolute "NNN" net structure and no landlord responsibilities. With over 10 years of firm lease term remaining, this property demonstrates a strong commitment to the site, making it a secure and lucrative opportunity for investors. Positioned at a high-visibility corner location with minimal competition, this property benefits from significant traffic counts, strategic positioning within the Albuquerque MSA, and strong trade area fundamentals. Don't miss out on this purpose-built, well-maintained property featuring a pharmacy drive-thru and prominent signage in a region poised for economic growth and stability. Enjoy the advantage of minimal competition in the area, as the closest Walgreens is over 12 miles away, with CVS even further at 32+ miles. Benefit from the strategic position within the Albuquerque MSA, with regional economic growth and a commuter population that adds to the property's allure. .
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.