CVS
Retail Property for Sale
Marketing description
CVS at 7900 Central Ave SW, Albuquerque, NM 87121 presents an attractive net-leased investment opportunity at a signalized hard corner less than five miles from Downtown Albuquerque. This 14,287 SF freestanding CVS sits on 1.95 acres and features a prototypical layout with a drive-thru pharmacy, strong visibility, and access at the high-traffic intersection of Central Ave SW and Unser Blvd NW, where combined traffic counts exceed 54,710 vehicles per day.
The property is leased to CVS, the largest pharmacy chain in the U.S., backed by a corporate guarantee and S&P “BBB+” credit. The absolute net bond lease structure offers no landlord responsibilities, with tenant responsibility for taxes, CAM, insurance, roof, and structure. The asset generates NOI of $286,739 and includes approximately 9 years of remaining primary term plus eight 5-year renewal options.
Surrounded by expanding retail and industrial development, the site benefits from nearby national users including Lowe’s, Staples, Amazon, Coca-Cola, Pepsi, USPS, and more. With dense surrounding population, strong household counts, and healthy area retail demand, this is a compelling opportunity for investors seeking durable income from a nationally recognized tenant.
Investment highlights
- Qualifies for Year 1 Accelerated 100% Bonus Depreciation
- Absolute Net Bond Lease | No Landlord Responsibilities
- Healthy retail Demand | 3% Vacancy Rate on 8.8M Sf of Retail Within a 5-Mile Radius
- Healthy Flex/Industrial Demand | 0.5% Vacancy Rate on12.6M Sf of Flex/Industrial Within a 5-Mile Radius
- On the hard Corner of New retail Development by Armstrong Development W/ Lowe's & Staples as Retail Anchors
- Less than 5-Miles Outside of Downtown Albuquerque
- Lease is Corporately Guaranteed by CVS, the largest pharmacy chain in the U.S | S&P “BBB+"
- Busy Intersection With Combined Traffic Counts Exceeding 54,710
- Strong Retail Growth Indicated by Lowe's and Staples Development
- Located Directly Across From Strong Industrial Park | Nationals Tenants Include Amazon, Coca-Cola, Pepsi, USPS and Much More
- Prototypical Freestanding CVS Equipped with Drive-Thru
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