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29689713
29689690

1520 Lomas Blvd NW, Albuquerque, NM 87104 For Sale

Keller Williams Realty
Listed by Keller Williams Realty
$800,000
156 days on market
Updated 5 days ago

1520 Lomas Blvd NW

Details
Property Type Mixed Use, Office (+2)
Sub Type Pharmacy/Drug, Storefront
Square Footage 3,029
Net Rentable (SqFt) 3,029
Cap Rate 8.25%
NOI $66,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Price per SqFt $264
Class B
Year Built 1963
Acreage 0.2 - 0.3
Zoning MX-L
Investment Type Net Lease
Occupancy Date 07/01/2025
Ground Lease No

Stabilized NNN Investment | 8.25% Cap Rate

Marketing description

Stabilized NNN Investment | 8.25% Cap Rate

Exceptional opportunity to acquire a stabilized commercial asset with a strong 8.25% cap rate supported by a 5-year NNN lease in place. Prime location directly off Lomas and Central with high vehicle counts, excellent visibility, and prominent signage along a major retail corridor.

The property features a strong lease history and is zoned and configured for a variety of retail uses, offering long-term flexibility and future leasing upside. Ideal for investors seeking dependable cash flow in a high-traffic, highly visible retail location.

Seller is open to a 1031 Exchange!

Investment highlights

  • 8.25% cap rate

  • $5500 in monthly gross income

  • Over 22,000 vehicles per day

  • 5 Year NNN lease in place with strong lease history

  • Located along a major retail corridor

  • Prominent signage

  • Mixed use zoning allowing for multiple different uses

  • Seller is open to a 1031 Exchange

Listing Contacts

Keller Williams Realty
Listed by Keller Williams Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,000.00
$5,500.00/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
Chris Venegas
License
51271
Brokerage
Keller Williams Realty
Brokerage Phone
5052718200
Title
Real Estate Broker
Brokerage Address
6703 Academy Road Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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