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%


