WALGREENS - STRONG REPORTED SALES
STRONG REPORTED SALES | MINIMAL COMPETITION | ABSOLUTE "NNN" NET
Marketing description
Introducing Walgreens - Belen, NM, a prime investment opportunity in the bustling Albuquerque MSA. This 14,259 SF freestanding retail property with a drive-thru is situated on 1.56 acres and is offered at a compelling sale price of $4,741,828, boasting a solid cap rate of 7.0%. Key investment highlights include Strong Reported sales, a lease with Walgreens Co., featuring an absolute "NNN" net structure and no landlord responsibilities. With over 10 years of firm lease term remaining, this property demonstrates a strong commitment to the site, making it a secure and lucrative opportunity for investors.
Positioned at a high-visibility corner location with minimal competition, this property benefits from significant traffic counts, strategic positioning within the Albuquerque MSA, and strong trade area fundamentals. Don't miss out on this purpose-built, well-maintained property featuring a pharmacy drive-thru and prominent signage in a region poised for economic growth and stability.
Enjoy the advantage of minimal competition in the area, as the closest Walgreens is over 12 miles away, with CVS even further at 32+ miles. Benefit from the strategic position within the Albuquerque MSA, with regional economic growth and a commuter population that adds to the property's allure. .
Investment highlights
Absolute "NNN" Net Lease | Zero Landlord Responsibilities
10+ Years of Firm Term Remaining | Lease extended October 2021 Demonstrating Strong Commitment To Site
Corporate Lease Guarantee Walgreens Co.
High-Visibility Hard Corner Location | Positioned At The Signalized Intersection of N Main Street & W Chavez Avenue w/ Traffic Counts Exceeding 20,900 VPD
Minimal Drug Store Competition | Closest Walgreens 12+ Miles & CVS 32+ Miles Away
Strategic Position Within The Albuquerque MSA | Located in Belen, NM Approx. 30 Miles South of Albuquerque, Benefiting From Regional Economic Growth & Commuter Population
Strong Trade Area Fundamentals | 20,575 Residents Within a 5-mile Radius Supported By 8,210 Households & 4,500 employees
Purpose-Built 14,259 SF Prototype | Well-Maintained, Freestanding Building Featuring a Pharmacy Drive-Thru & Prominent Pylon Signage
Established National Tenant | Walgreens Operates 8,050+ Locations Nationwide w/ $147 Billion In Annual Revenue
Transportation & Logistics Hub Location | Belen Serves As a Key Transportation Corridor w/ Proximity To Interstate 25 & Major Rail Infrastructure, Supporting Long-Term Market Stability
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