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Property profile & analytics
FOR SALE
Drug stores

315 N Main St Belen, NM 87002

14,259 SF Built 2004
Property ID
US61-1652912
Property summary
AI-generated overview

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. .

Property profile
Verified
Property type Drug stores
Year built 2004
Total area 14,259 SF
UPID US61-1652912
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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