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Walgreens 10300 Central Ave SE 16,510 SF Retail Building Albuquerque, NM 87123 $6,495,000 ($393.40/SF) 5.95% Cap Rate



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
Property Type
Retail
Property Subtype
Drug Store
Building Size
16,510 SF
Building Class
C
Year Built
2006
Price
$6,495,000
Price Per SF
$393.40
Cap Rate
5.95%
NOI
$386,163
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.82 AC
Zoning
C2 - MX-H
Parking
64 Spaces (3.88 Spaces per 1,000 SF Leased)
Frontage
212’ on Central Ave
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-020-056-527485-1-16-17 | Improvements Assessment | $415,624 |
| Land Assessment | $131,441 | Total Assessment | $547,065 |
PROPERTY TAXES
Parcel Number
1-020-056-527485-1-16-17
Land Assessment
$131,441
Improvements Assessment
$415,624
Total Assessment
$547,065
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Walgreens | 10300 Central Ave SE
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