Walgreens NNN Property For Sale — Albuquerque, NM · 14,490 SF
Albuquerque, NM 87107
An exceptional opportunity to acquire an Absolute NNN Walgreens property with over 10 years remaining on its lease. This asset is strategically located at a prominent hard corner, boasting high traffic counts and excellent visibility. The property features a substantial 14,490 sq. ft. building on 1.71 acres, benefiting from a dense surrounding population and limited competition. Walgreens, a leading national pharmacy chain, has a proven operating history at this site. This investment offers the security of a long-term, zero-landlord-responsibility lease and predictable cash flow, ideal for a passive investor. Free and clear of existing financing, with assumable financing options available.
- Address: Albuquerque, NM 87107
- Asking price $5.90M
- 6.44% cap rate
- NOI $380,000
- 1.8 years remaining
- NNN lease
- Year built: 2003
- Building size: 14,490 SF
- Lot size: 1.71 acres
- Lease expiration: Jun 30, 2028
- Rent increases: Years 15-25 (Current): $380,000; Years 26-30 (Option 1): $380,000; Years 31-35 (Option 2): $380,000; Years 36-40 (Option 3): $380,000; …
- Guarantor: Corporate
Location
This Walgreens property is in Albuquerque, New Mexico.
Asset type: Retail