241 98th Street NW

241 98th Street NW, Albuquerque, NM 87121

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Property Information

  • For Sale $4,117,647
  • Property Type Retail
  • Property Size 2,325 SF
  • Lot Size 0.79 Acre
  • Cap Rate % 4.25
  • Date Updated Jun 23, 2026
  • Visibility/Traffic Count (VPD) 39,400

Description

  •  Brand-new lease and newly constructed improvements combine with scheduled rent growth to create a compelling long-term investment
  •  Long-term lease features 10% rent increases every five years, continuing throughout the option periods
  • The ground lease structure provides for a passive investment
  • Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands

Contacts

Location

Located at 241 98th Street NW, Albuquerque, NM 87121, this property is part of the Avalon neighborhood and Albuquerque market.

  • 50/100 Somewhat Walkable
  • 24/100 Minimal Transit
  • 49/100 Somewhat Bikeable
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