6940 Montgomery Blvd Northeast Albuquerque, NM 87109
For Lease
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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.
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Chevron Gas Station
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Food Mart Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.