Retail or Investment For Sale
Two-Unit NNN Retail Investment
5811-5815 Menaul Blvd. NE | Albuquerque, NM 87110
Details
- Category Retail or Investment
- Type For Sale
- Sale Price $1,784,000.00
- CAP Rate 7.5%
- NOI $133,800
- Available Space ±7,424 SF
- Lot Size ±0.43 Acres
- Zoning IDO: MX-M
Description
Prime opportunity to acquire a fully leased, low-management retail asset in one of Albuquerque’s top retail corridors. Surrounded by national brands and adjacent to Coronado Mall and Uptown, this property offers strong visibility, high traffic counts, and reliable NNN income. With a stable tenant mix and minimal landlord obligations, this is a turnkey investment in a proven, high-demand location.
- Excellent visibility along Menaul Blvd. to 29,600 cars per day
- Adjacent to Coronado Mall and Uptown Retail District
- Positioned among national retailers
- Two points of access along Menaul Blvd. and Cagua Dr.
- Dedicated pylon and building-mounted signage available for each tenant
- 26 shared parking spaces
- Recently-updated facade
- New 60-mil TPO roof (2024) with 5-year labor and 10-year material warranty
- Refrigerated air/central heat in each unit
- Individually-metered electric/gas utilities
- Fully-leased to two NNN tenants, one with a long-term history
- Simple, low-management asset
Documents
Spaces
5811 Menaul Blvd. NE
For Sale
±3,085 SF
±3,085 SF leased to Make-A-Wish Event Center under a NNN lease with approximately 3 years remaining. Current annual NOI is $49,800 with 3% annual increases, offering a stable and growing income stream.
5815 Menaul Blvd. NE
For Sale
±4,339 SF
±4,339 SF leased to National Jewelry Buyers, a well-established tenant in place for over 12 years. Approximately 4 years remain on the current NNN lease, producing $84,000 in annual NOI. Strong tenant history provides secure, long-term cash flow.
Listing Advisors
Land & Industrial, Retail
Genieve Posen
- Direct505 998 1568
- Office505 878 0001
- Mobile505 290 7413
- Emailgenieve@sunvista.com
Retail
John Algermissen, CCIM
- Direct505.998.5734
- Office505.878.0001
- Mobile505.264.7242
- Emailjohna@sunvista.com
Land & Industrial, Investment Properties
Jim Hakeem
- Direct505.878.0006
- Office505.878.0001
- Mobile505.250.8542
- Emailjim@sunvista.com
