8011 Harper Rd NE

Albuquerque, NM 87111 | 13,975 SF | Investment Property For Sale

$3,900,000.00


Walgreens Net-Leased Investment | 8011 Harper Rd NE | Long-Term Early Lease Extension

Investment Property For Sale

Price $3,900,000.00
Size 13,975 SF

Additional Information

Walgreens Net-Leased Investment

Purchase Price: $3,900,000
Price per SF: $279.07
Net Operating Income: $223,600
CAP Rate: 5.73%
Lease Type: NN

Property Details:
  • Long-term early lease extension
  • 11.5+ years of lease term remaining through May 31, 2029, with five 5-year renewal options
  • Strong store sales (inquire with broker)
  • Long operating history at property – Walgreens has operated at this location since 1994
  • New roof and parking lot in 2017
  • Strategically located at the intersection of Wyoming Blvd and Harper Rd with over 52,200 cars per day
  • Neighboring tenants include McDonald’s, Sports and Wellness, Circle K, Subway, and Albertons, among others
  • Exceptional, dense in-fill demographics
  • Limited competition – Nearest CVS is 3.8 miles away; nearest Walgreens is 2.1 miles away

Location

Cole Flanagan, CPA, MBA

Partner
505.878.0001

Jake Mechenbier

Advisor
505.878.0001

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