Walgreens NNN Property For Sale — Albuquerque, NM
4700 4th St. NW, 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: 4700 4th St. NW, 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 at 4700 4th St. NW in Albuquerque, New Mexico.
Asset type: Retail