7900 Central Ave Albuquerque, NM 87121

Property Details for 7900 Central Ave

Year built

2010

Lot size

0.63 lot acres

Property size

3,240 SF

Property type

Auto shops

APN

1-019-057-290-066-4-01-13

APU

101905729006640113

Description

This Albuquerque, NM property offers a compelling investment opportunity with a CVS Pharmacy on a 1.95-acre lot. The absolute NNN lease boasts a strong 8.75% cap rate and $286,739 NOI, with approximately 10.9 years remaining on the initial lease term. Built in 2011, this 100% occupied, drive-thru equipped retail building benefits from a prime location at a signalized, hard corner intersection within a dense retail corridor near Atrisco Plaza and other shopping centers. The property features convenient parking (5.04 spaces per 1,000 sq ft) and is zoned MX-M (Mixed Use). The lease includes extension options: one 4-year, 3-month option and seven 5-year options, showcasing the tenant's long-term commitment. This investment-grade tenant (S&P: BBB) provides a low-management, high-return opportunity. The lease commenced September 23, 2010, and expires October 30, 2035. The property's address is 7900 Central Ave SW, Albuquerque, NM 87121, with APN 1-010-057-145-133-3-03-10. The asking price is $3,277,000.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.559

Latitude

35.0745

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments