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San Pedro Plaza 6125 Montgomery Blvd NE 1,240 SF of Retail Space Available in Albuquerque, NM 87109
HIGHLIGHTS
- High traffic Far NE Heights location located on a signalized hard corner
- New exterior paint completed in 2024
- Wingstop and Little Caesars Placer ranking above 90% nationwide for customer traffic over the past 12 months
- Great 2nd gen smoothie/beverage space available with infrastructure in place
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,240 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
San Pedro Plaza offers a prime retail leasing opportunity in Albuquerque’s Far Northeast Heights, one of the city’s most desirable and high-traffic submarkets. Located at the signalized northwest corner of Montgomery Blvd and San Pedro Dr, this freestanding strip center benefits from exceptional visibility and traffic counts exceeding 51,000 vehicles per day. The property is shadow anchored by Red Lobster and surrounded by dense residential and multifamily communities, with Del Norte High School just to the west. The available 1,240 SF suite is a second-generation smoothie shop with existing infrastructure, ideal for beverage, health, or quick-service concepts seeking a plug-and-play setup. The center features strong co-tenancy with nationally recognized brands including Wingstop, Little Caesars, and MetroPCS, all of which rank in the top 10% nationally for customer traffic. Recent exterior upgrades completed in 2024 enhance curb appeal and reinforce the plaza’s position as a vibrant retail destination. Demographics within a 3-mile radius include a population of over 111,000 and an average household income of $68,083, with a daytime population nearing 146,000, offering robust consumer demand. San Pedro Plaza’s strategic location, tenant mix, and built-in infrastructure make it a compelling choice for operators looking to establish or expand in Albuquerque’s thriving retail landscape.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Former Smoothie Shop
- 2nd gen build-out
- Beverage infrastructure in place
- Available now
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT SAN PEDRO PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Dogo’s VIP
- Restaurant
- 1
- -
- Little Caesars
- Pizza
- 4,803
- International
- MetroPCS
- Wireless Communications
- 10,967
- National
- Payment 1
- Finance and Insurance
- 1
- Regional
- Sharetea
- Drinks/Juices
- 149
- International
- Wingstop
- Fast-food
- 2,760
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Dogo’s VIP | Restaurant | 1 | - |
| Little Caesars | Pizza | 4,803 | International |
| MetroPCS | Wireless Communications | 10,967 | National |
| Payment 1 | Finance and Insurance | 1 | Regional |
| Sharetea | Drinks/Juices | 149 | International |
| Wingstop | Fast-food | 2,760 | International |
PROPERTY FACTS
| Total Space Available | 1,240 SF | Gross Leasable Area | 8,140 SF |
| Property Type | Retail | Year Built | 2008 |
| Property Subtype | Storefront | Parking Ratio | 5.16/1,000 SF |
| Total Space Available | 1,240 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,140 SF |
| Year Built | 2008 |
| Parking Ratio | 5.16/1,000 SF |
ABOUT THE PROPERTY
San Pedro Plaza is a freestanding strip retail building at the NWQ of Montgomery and San Pedro. This building features a 6 tenant lineup of retailers comprised of WingStop, Little Caesars and MetroPCS. There is currently one 1,240 SF second generation smoothie shop suite available with valuable infrastructure in place. Pedro Plaza displays great signage, huge traffic counts and great functional retail sizes. Do not disturb tenant. The property is located in the Far NE Heights and is shadow anchored by Red Lobster. Del Norte High School is to the west and is in a very dense residential and multi-family area. Traffic counts are 51,000 cars per day at the intersection of Montgomery and San Pedro.
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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San Pedro Plaza | 6125 Montgomery Blvd NE
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