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Description

This 3,820-square-foot retail property in Albuquerque presents an attractive investment opportunity for buyers seeking a stable and well-maintained asset in a strong retail market. Originally constructed in 1965 and zoned NR-LM, the property offers flexibility to accommodate a variety of retail uses. Recent capital improvements enhance its long-term value, including a new TPO roof installed in May 2025 and brand-new matching 3.5-ton HVAC combination units added in March 2026. The building features a functional layout designed to support tenant operations efficiently and benefits from a diverse tenant mix that contributes to income stability. With ample on-site parking and 100% occupancy, the property provides immediate cash flow and positions investors to benefit from continued demand in the Albuquerque retail market.

Listing Details

  • Cap Rate

    7.84%

  • Tenancy

    Multi

  • Space Type

    retail

  • Sub Category

    pharmacy

  • Date Listed

    6/3/2026

  • Net Operating Income

    $54,864

Property Specifics

  • Property Name

    2117 Menaul Blvd NE

  • Property Class

    B

  • Year Built

    1965

  • Building Size

    3,820 SF

  • Lot Size

    0.33 Ac

  • Year Renovated

    2022

  • APN

    101605906827721502

  • Zoning

    NR-LM

  • Occupancy

    100%