1619-1625 San Pedro Drive

1619–1625 San Pedro Dr NE presents a strong, income-producing investment opportunity situated just outside Albuquerque’s vibrant Uptown trade area, which boasts the highest daytime population in New Mexico. The fully leased 5,560-square-foot multi-tenant retail property features a diverse mix of local tenants—including a gym, dispensary, dog grooming salon, and tea shop—creating excellent co-tenancy and steady foot traffic. Positioned along San Pedro Drive, which experiences over 13,000 vehicles per day, the property offers exceptional visibility. All tenants are on modified gross leases, providing future potential for conversion to triple-net (NNN) leases upon renewal or re-tenanting. The building, constructed in 1962 of durable beige brick masonry, is equipped with TPO and tar-and-gravel roofing, swamp coolers, and radiant heating for each suite. Prominent building and pylon signage ensure strong street presence. With no current vacancies and the next lease expiration not until 2027, this property provides investors with stable in-place income and long-term upside in one of Albuquerque’s most active and established retail corridors.