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Walgreens 10300 Central Ave SE 16,510 sq ft Retail Property Albuquerque, NM 87123 £4,837,541 (£293.01/sq ft) 5.95% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Absolute Triple-Net (NNN) income from Walgreens Corp. until March 31, 2031
  • Growing Trade Area

EXECUTIVE SUMMARY

Owner will consider a build to suit, subdivide building for multiple new tenants, lease building "as-is" with negotiated tenant finish allowance, sell the property or redevelopment of the parcel. Absolute Triple-Net (NNN) income from Walgreens Corp. until March 31 ,2031. 226,000 residents in growing 5-mile trade area. Less then 1-mile off the I-40 freeway (60,306 cars per day). Adjacent to Starbucks, Church's, Chili's, Taco Cabana, Jack-in-the-Box, Burger King, O'Reilly Auto Parts, Dutch Bros. Coffee, Freddy's Frozen Custard. Within one block of well known big box retailers - Costco and Home Depot. Within close proximity of other big box retailers such as Target, Sam's Club, Walmart Supercenter, Pet Smart, Sandia Toyota, Office Max Petco, Best Buy. Over 500 businesses in a 1-mile radius. Over 60,483 daytime employees within a 3-mile surrounding area. Walking distance from the National Museum of Nuclear Science & History. In close proximity to Sandia Science & Technology Park and Kirtland Air Force Base. 15 minutes east of downtown Albuquerque and 10 minutes from the Albuquerque International Sunport - the largest commercial airport in the vicinity with over 5.3 million passengers each year.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
Design & Build
Property Type
Retail
Property Subtype
Pharmacy
Property Size
16,510 sq ft
Costar Property Class
C
Year Built
2006
Price
£4,837,541
Price per sq ft
£293.01
Yield
5.95%
NOI
£287,618
Tenancy
Single
Number of Floors
1
Plot ratio
0.21
Total Plot Size
1.82 ac
Use Class
C2 - MX-H
Parking
64 Spaces (3.88 Spaces per 1,000 sq ft Leased)
Frontage
212 ft on Central Ave

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Tenant Controlled HVAC
  • Drive Thru

NEARBY MAJOR RETAILERS

Starbucks
Dutch Bros
Chili's Grill & Bar
Freddy's Frozen Custard & Steakburgers
Blake's LotaBurger
Nusenda Credit Union
Chase Bank
Toyota
The Picklr
Olive Garden

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-020-056-527485-1-16-17
Land Assessment
£97,899
Improvements Assessment
£309,561
Total Assessment
£407,459
  • Listing ID: 34675782

  • Date on Market: 31/01/2025

  • Last Updated:

  • Address: 10300 Central Ave SE, Albuquerque, NM 87123

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