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Property profile & analytics
FOR LEASE
Drug stores

3632 Menaul Blvd NE Albuquerque, NM 87110

15,712 SF 1.66 ac lot Built 2008
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US61-0279345
Property summary
AI-generated overview

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 profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2008
Total area 15,712 SF
Lot 1.66 ac (72,310 SF)
APN 1-017-059-032-246-3-10-35
UPID US61-0279345
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
Current use
Occupant on record · Public records
  • Walgreens Pharmacy Pharmacy
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Keo K. Vongvichith, PharmD Pharmacy
  • FedEx OnSite Postal Service Courier Service
  • Walgreens Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$465k
Owner & transaction history
Malori Albuquerque LLC
Malori Albuquerque LLC
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.0M +71.4%
Restaurant $1.5M +24.8%
Auto repair, garage $1.4M +16.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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