Former Walgreens For Sale or Lease or Build to Suit

Investment Overview

Absolute Triple-NNN (NNN) Lease with Walgreens Corporation - Investment Grade Tenant

Investment Highlights

• Owner will consider a build to suit, subdivide building for multiple new tenants. Lease building "as-is: with negotiated tenant finish allowance, sell the property or redevelopment of the parcel.
• Absolute Triple-Net (NNN) income from Walgreens Corporation until March 31, 2031.
• Infill Albuquerque - 226,000 residents in growing 5 mile trade area. Central Avenue is a major east-west street in Albuquerque known as the city's "Main Street" and was once a significant part of Route 66. Less than 1 mile off the I-40 freeway (60,306 cars per day). Adjacent to Starbucks, Church's, Chili's, Taco Cabana, Jack-in-the-Box, Burger King, O'Reilly Auto Parts, Dutch Bros. Coffee, Freddy's Frozen Custard. Within one block of several well known big box retailers - Costco and Home Depot.
• Within close proximity of other big box retailers such as Target, Sam's Club, Walmart Supercenter, Pet Smart, Sandia Toyota, Office Max, Petco, Best Buy. Over 500 businesses in a 1-mile radius. Over 60,843 daytime employees within a 3-mile surrounding area. Walking distance from the National Museum of Nuclear Science & History. In close proximity to Sandia Science & Technology Park and Kirtland Air Force Base.
• 15 minutes east of downtown Albuquerque and 10 minutes from the Albuquerque International Sunport - the largest commercial airport in the vicinity with over 5.3 million passengers each year.
• Current zoning: MX-H (mixed-use - high intensity)