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    Property profile & analytics
    OFF-MARKET Estimated value $1,855,000
    Drug stores

    3632 Menaul NE Blvd, Albuquerque, NM 87110-2851

    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
    $1.86M
    Owner & transaction history
    Malori Albuquerque LLC
    Malori Albuquerque LLC
    2 recorded transactions
    1969
    1969
    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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