2117 Menaul Blvd 3,730 SF 100% Leased Retail Building Albuquerque, NM 87107 $799,950 ($214.46/SF) 7.22% Cap Rate

Positioned in the heart of Albuquerque’s thriving commercial corridor, 2117 Menaul Blvd. NE presents a compelling multi-tenant retail investment opportunity. This ±3,730 SF freestanding building sits on ±0.32 acres and benefits from exceptional visibility along Menaul Blvd., which sees over 24,000 vehicles daily. The property is strategically located near the I-40 and I-25 interchange, offering seamless access to the broader metro area and beyond.
The asset is fully leased to two tenants—Green Central Station and Massage Spa—both with lease terms extending through September 2027. Suite A underwent a full renovation in 2022, and the building received a new roof in 2025, minimizing near-term capital expenditures. The site is situated within the officially adopted Menaul Metropolitan Redevelopment Area, enhancing its long-term value and positioning.
Surrounded by national hotel brands and quick-service restaurants, the property benefits from strong co-tenancy and consumer traffic. Monument signage, ample parking, and NR-LM zoning further support a wide range of retail uses. With a 7.22% cap rate and a net operating income of $57,786, this stabilized investment offers immediate cash flow and long-term upside in one of Albuquerque’s most accessible and business-friendly districts.