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Multi-Tenant Retail Strip Near KAFB Entrance 121 Eubank Blvd NE 5,095 SF 59% Leased Retail Building Albuquerque, NM 87123 $850,000 ($166.83/SF)

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INVESTMENT HIGHLIGHTS

  • Strategic location near the entrance to Kirtland Air Force base and Sandia National Labs
  • Income generated day one from current leases
  • High traffic area with 28k VPD on Eubank
  • Great opportunity for an owner/user, investor with upside potential or to lease this second gen retail space
  • Building recently renovated in 2022
  • Strong retail area with Costco, Home Depot, Walmart, and Sam’s Club driving traffic

EXECUTIVE SUMMARY

121 Eubank is a 5,500 SF, 3 tenant retail strip in the SE heights submarket of Albuquerque. It is strategically located near the main entrance to the Kirtland Air Force Base and Sandia National Labs and features a great opportunity for owner/users and tenants alike to take advantage of this newly renovated opportunity. There is currently 2,089 SF available that can be leased, new owner can purchase the building and occupy the vacancy, or an investor can purchase with below market rents ($11.00-$13.00 NNN) to fill the vacancy and increase rents on current lease to improve the return.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,095 SF
Building Class
C
Year Built
1980
Price
$850,000
Price Per SF
$166.83
Percent Leased
59%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.31 AC
Zoning
MX-L - Mixed Use - Low Intensity
Parking
11 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
97’ on Eubank Blvd

AMENITIES

  • Pylon Sign
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 2,089 SF
  • Retail
  • End Cap
  • Now

121 Eubank is a 5,500 SF, 3 tenant retail strip in the SE heights submarket of Albuquerque. It is strategically located near the main entrance to the Kirtland Air Force Base and Sandia National Labs and features a great opportunity for owner/users and tenants alike to take advantage of this newly renovated opportunity. There is currently 2,089 SF available that can be leased, new owner can purchase the building and occupy the vacancy, or an investor can purchase with below market rents ($11.00-$13.00 NNN) to fill the vacancy and increase rents on current lease to improve the return.

Space Size Space Use Position Available
1st Floor 2,089 SF Retail End Cap Now

1st Floor

Size
2,089 SF
Space Use
Retail
Position
End Cap
Available
Now

1st Floor

Size 2,089 SF
Space Use Retail
Position End Cap
Available Now

121 Eubank is a 5,500 SF, 3 tenant retail strip in the SE heights submarket of Albuquerque. It is strategically located near the main entrance to the Kirtland Air Force Base and Sandia National Labs and features a great opportunity for owner/users and tenants alike to take advantage of this newly renovated opportunity. There is currently 2,089 SF available that can be leased, new owner can purchase the building and occupy the vacancy, or an investor can purchase with below market rents ($11.00-$13.00 NNN) to fill the vacancy and increase rents on current lease to improve the return.

NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1-020-057-526022-4-08-05
  • 1-020-057-526028-4-08-06
Land Assessment
$34,731
Improvements Assessment
$135,660
Total Assessment
$170,391
  • Listing ID: 38158736

  • Date on Market: 10/21/2025

  • Last Updated:

  • Address: 121 Eubank Blvd NE, Albuquerque, NM 87123

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