Former Walgreens For Sale or Lease or Build to Suit

$6,495,000

10300 Central Ave SE, Albuquerque, NM 87123

For Sale

Retail Street Retail

Active

Last Updated: 02/09/2025

Building Size: 16,576 sqft

Lot Area: 1.8537 acres

Year Built: 2005

Offered by

Antonoff & Co. Brokerage, Inc.

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Owner will consider a build to suit, subdivide building for multiple new tenants. Lease building "as-is: with negotiated tenant finish allowance, sell the property or redevelopment of the parcel.
Absolute Triple-Net (NNN) income from Walgreens Corporation until March 31, 2031.
Infill Albuquerque - 226,000 residents in growing 5 mile trade area. Central Avenue is a major east-west street in Albuquerque known as the city's "Main Street" and was once a significant part of Route 66. Less than 1 mile off the I-40 freeway (60,306 cars per day). Adjacent to Starbucks, Church's, Chili's, Taco Cabana, Jack-in-the-Box, Burger King, O'Reilly Auto Parts, Dutch Bros. Coffee, Freddy's Frozen Custard. Within one block of several well known big box retailers - Costco and Home Depot.
Within close proximity of other big box retailers such as Target, Sam's Club, Walmart Supercenter, Pet Smart, Sandia Toyota, Office Max, Petco, Best Buy. Over 500 businesses in a 1-mile radius. Over 60,843 daytime employees within a 3-mile surrounding area. Walking distance from the National Museum of Nuclear Science & History. In close proximity to Sandia Science & Technology Park and Kirtland Air Force Base.
15 minutes east of downtown Albuquerque and 10 minutes from the Albuquerque International Sunport - the largest commercial airport in the vicinity with over 5.3 million passengers each year.
Current zoning: MX-H (mixed-use - high intensity)