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Valero Near ABQ Airport 1620 Carlisle Blvd SE 3,280 SF Retail Building Albuquerque, NM 87106 $2,790,000 ($850.61/SF) 6.45% Cap Rate
Investment Highlights
- Brand New 20 Yr. Absolute NNN Sale Leaseback with Valero (NYSE: VLO) - Proven Site
- Eligible for 100% Bonus Depreciation! - Rare 2% Annual Bumps - Monument Signage
- City Named #1 “Best Places for Outdoor Enthusiasts to Live & Work” - #34 Best City
- Trophy Hard Corner at Front Door to Albuquerque Airport - Last Gas before Entrance!
- Strong Multiunit Operator- 30+ by end 2026 - Personal Guarantee - Large TI’s Invested
- World’s Premier Independent Refiner/Producer - Ranked #35 Fortune 500 (2026)
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to acquire the single tenant absolute NNN leased Valero convenience store, gas station and carwash in Albuquerque, NM. Operated by a growing franchisee, the operator will have 30 gas stations and QSR’s by the end of 2026. The 20-year lease will commence upon the close of escrow and comprises 2% annual rent increases, two 5-year option periods and no landlord responsibilities providing a passive investor with long term cash flows.
The 3,280 SF C-store with four MFD’s and tunnel car wash on 0.7-acre parcel is located on a hard corner signalized intersection of Gibson Blvd SE and Carlisle Blvd SE (combined vehicle traffic exceeding 30,800) and is eligible for bonus depreciation. Nearby retailers include McDonald’s, Chick-fil-A, Starbucks, Dutch Bros Coffee, Taco Bell, Panda Express, Applebee’s, Chili’s, Maverik, Planet Fitness and more. This is an excellent opportunity to purchase an absolute NNN saleleaseback Valero gas station in New Mexico’s most populated city with a 20-year term, 10 years in options, strong rent increases and no landlord responsibilities providing effortless income for years to
come.
The 3,280 SF C-store with four MFD’s and tunnel car wash on 0.7-acre parcel is located on a hard corner signalized intersection of Gibson Blvd SE and Carlisle Blvd SE (combined vehicle traffic exceeding 30,800) and is eligible for bonus depreciation. Nearby retailers include McDonald’s, Chick-fil-A, Starbucks, Dutch Bros Coffee, Taco Bell, Panda Express, Applebee’s, Chili’s, Maverik, Planet Fitness and more. This is an excellent opportunity to purchase an absolute NNN saleleaseback Valero gas station in New Mexico’s most populated city with a 20-year term, 10 years in options, strong rent increases and no landlord responsibilities providing effortless income for years to
come.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,280 SF
Building Class
C
Year Built/Renovated
1995/2024
Price
$2,790,000
Price Per SF
$850.61
Cap Rate
6.45%
NOI
$179,955
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.70 AC
Zoning
MX-L
Parking
14 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-017-056-013014-3-01-01 | Improvements Assessment | $51,683 |
| Land Assessment | $66,774 | Total Assessment | $118,457 |
Property Taxes
Parcel Number
1-017-056-013014-3-01-01
Land Assessment
$66,774
Improvements Assessment
$51,683
Total Assessment
$118,457
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