3501 Lomas Blvd NE
Albuquerque, NM 87106
Walgreens · Retail Property For Sale

Situated on a hard corner, the asset features excellent storefront visibility, 10+ years of remaining contractual term, and zero landlord obligations. The surrounding trade area is anchored by the presence of the University of New Mexico, its 30,000 students, and the University Hospital, which is the largest academic health complex in the state. These economic drivers are reflected in the asset' s store performance, which boasts annual revenues 36% higher than the national average reported Walgreens sales. This offering presents the rare opportunity to purchase a leading net lease investment grade tenant and in a college-town' setting with outstanding store performance. Home to a population of over 550,000 people, Albuquerque is the largest city in New Mexico and possesses a vibrant arts and cultural makeup. Since 2014, new and expanding business efforts generating 150+ projected new jobs per site have been undertaken by firms such as Canon ITS, Convergys, Fidelity, Comcast & Bank of America. Notable organizations with major manufacturing operations in Albuquerque include Ethicon (medical instruments), General Mills (cereal and snack products), Honeywell Aerospace (aircraft avionics), Intel (semiconductors), Tempur-Pedic (mattresses), Thomas & Betts (electrical connectors), & US Cotton (cotton products), highlighting both a substantial and diverse manufacturing sector.