Technical
Financial
Distress signals
Property profile

6940 Montgomery Blvd Northeast Albuquerque, NM 87109

FOR LEASE
Grocery and convenience stores
Property ID
US61-0175425
2,520 SF 0.7 ac lot Built 1996
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,520-square-foot retail property presents a unique redevelopment opportunity in Albuquerque, New Mexico. Situated on a 0.7-acre hard corner lot at the signalized intersection of Montgomery Boulevard (50,492 vehicles per day) and Louisiana Boulevard (19,173 vehicles per day), this single-tenant space offers unparalleled visibility and accessibility. The property is zoned MX-M and benefits from its adjacency to a high-performing Smith's grocery store, ensuring a strong anchor tenant and high foot traffic. The site's strategic location allows for the possibility of a drive-thru, further enhancing its appeal to potential tenants. This Albuquerque location is surrounded by a thriving retail environment, boasting numerous national and regional retailers. The surrounding area also features a dense residential population, with 137,683 households within a 5-mile radius and a population of 300,755, boasting an average household income of $95,548. This makes it an ideal location for a variety of retail businesses seeking high visibility and a strong customer base. The property is currently vacant, providing a blank canvas for a build-to-suit or ground lease opportunity. This is a rare chance to acquire a prime retail space in a high-growth area of Albuquerque. The property's address is 6940 Montgomery Blvd NE, Albuquerque, NM 87109, in Bernalillo County.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1996
Total area 2,520 SF
Lot 0.7 ac (30,623 SF)
APN 1-018-060-509-506-1-09-12
UPID US61-0175425

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Grocery & Convenience Store

Location

6940 Montgomery Blvd Northeast Albuquerque, NM 87109
Albuquerque metro Census 203 ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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