3632 Menaul BlvdAlbuquerque, NM 87110

Property Details for 3632 Menaul Blvd

Year built

2008

Lot size

1.66 AC

Property size (Sq ft)

15,712 SF

Property type

Drug stores

APN

1-017-059-032-246-3-10-35

APU

101705903224631035

Description

This exceptional 16,284 square foot freestanding retail or restaurant building is available for immediate sublease at 3632 Menaul Blvd NE, Albuquerque, NM 87110. The property boasts superior visibility and multiple access points, ensuring high traffic exposure. Located along Menaul Boulevard, this space benefits from excellent exposure to a daily traffic count exceeding 24,890 vehicles. The building is in excellent condition and offers the rare advantage of a drive-thru, a highly desirable feature for many businesses. Its strategic location provides convenient access to major thoroughfares, including I-40 and I-25, enhancing its appeal to a wide customer base. The sublease agreement with Walgreens is in place until October 31, 2033. All offers are subject to the approval of the Walgreens Real Estate Committee. This presents a unique opportunity to secure a prime retail location in a high-traffic area of Albuquerque. The single-tenant occupancy ensures a streamlined operational environment. Don't miss this chance to establish your business in this highly visible and accessible space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,337,751

  6.5%

  $3,081,001

  7%

  $2,860,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,411,708

  Geo Method

  $3,271,276

• Alternative Use

  Use

  Valuation

  Residential

  $2,598,940

  Hospitality

  $2,380,615

  Educational

  $1,980,644

  Medical

  $2,048,761

  Retail

  $3,081,001

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1087

Longitude

-106.603

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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