- For Sale $7,250,000
- Property Type Retail
- Property Size 16,104 SF
- Lot Size 1.49 Acre
- Cap Rate % 5.43
- Zoning MX-L
- # of Floors 1
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 2004
- Date Updated May 8, 2026
- Visibility/Traffic Count (VPD) 77,000
Description
TENANT LINE UP AND LEASE INFO:
- TENANT: CVS
- ADDRESS: 4340 San Mateo Blvd NE, Albuquerque, NM 87110
- BUILDING SIZE: 14,454 SF
- LAND AREA: 1.24 ACRES
- ANNUAL RENT: $361,796
- MONTHLY RENT: $30,149/month LEASE TYPE: Absolute NNN GUARANTEE: Corporate (CVS Corp.)
- LEASE EXPIRATION: November 24, 2033
- OCCUPANCY STATUS: Dark – Rent Paying
- TENANT: IN AND OUT MVD
- ADDRESS: 5260 Montgomery Blvd NE Albuquerque, NM 87110
- BUILDING SIZE: 1,650 SF
- LAND AREA: 0.25 ACRES
- ANNUAL RENT: $32,175
- MONTHLY RENT: $2,681/month LEASE TYPE: NNN + 3% Annual Steps
- GUARANTEE: Personal Guarantee
- LEASE TERM: 5 Years (Brand New)
- LEASE EXPIRATION: November 30, 2030
- OPTION TO RENEW: Yes
- #2 BUSIEST INTERSECTION IN NEW MEXICO 75,000–80,000 vehicles per day at Montgomery & San Mateo. Full hard corner control of one of Albuquerque’s most irreplaceable commercial nodes.
- CORPORATE-GUARANTEED ABSOLUTE NNN CVS Pharmacy corporate guarantee — zero landlord responsibilities. Taxes, insurance, and maintenance fully borne by tenant through August 2033.
- BUILT-IN RENT ESCALATIONS In and Out MVD lease includes 3% annual base rent increases, delivering compounding income growth throughout the 5-year term with renewal option.
- TRUE ABSOLUTE NNN — FULLY PASSIVE CVS is Absolute NNN — the gold standard of passive income. No landlord management, maintenance, taxes, or insurance obligations whatsoever.
- REDEVELOPMENT & OWNER-USER POTENTIAL Full hard corner assemblage on NM’s #2 intersection. Prime candidate for institutional redevelopment or owner-user CVS buyout negotiation.
- PREMIER MONUMENT SIGNAGE Monument signage facing SW and NW captures all oncoming traffic from both arterials — maximum brand exposure for future tenants or operators.
- DENSE, AFFLUENT TRADE AREA 300,035 residents within 5 miles (2025). Average household income of $88,000. One of Albuquerque’s strongest and most stable consumer trade areas.
- ONCE-IN-A-DECADE MARKET OFFERING Properties of this caliber, location, and strategic depth have not appeared in the New Mexico market in over ten years. True institutional-grade scarcity
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Contacts
Christian File
Berkshire Hathaway NM Commercial Real Estate
Location
Located at 4340 San Mateo NE, Albuquerque, NM 87110, this property is part of the Montgomery Park neighborhood and Albuquerque market.
Contact Listing Broker
Christian File
Berkshire Hathaway NM Commercial Real Estate
