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2117 Menaul Blvd
Albuquerque, NM 87107
Retail Property For Sale
Investment Highlights
- Located seconds from the I-40 & I-25 interchange
- Fully leased with long-term tenants through 2027
- Situated in the Menaul Metropolitan Redevelopment Area
- Over 24,000 cars per day on Menaul Blvd., ±97 linear feet of frontage
- New roof installed in 2025; Suite A renovated in 2022
- Monument signage and ample on-site parking
Executive Summary
Positioned in the heart of Albuquerque’s thriving commercial corridor, 2117 Menaul Blvd. NE presents a compelling multi-tenant retail investment opportunity. This ±3,730 SF freestanding building sits on ±0.32 acres and benefits from exceptional visibility along Menaul Blvd., which sees over 24,000 vehicles daily. The property is strategically located near the I-40 and I-25 interchange, offering seamless access to the broader metro area and beyond.
The asset is fully leased to two tenants—Green Central Station and Massage Spa—both with lease terms extending through September 2027. Suite A underwent a full renovation in 2022, and the building received a new roof in 2025, minimizing near-term capital expenditures. The site is situated within the officially adopted Menaul Metropolitan Redevelopment Area, enhancing its long-term value and positioning.
Surrounded by national hotel brands and quick-service restaurants, the property benefits from strong co-tenancy and consumer traffic. Monument signage, ample parking, and NR-LM zoning further support a wide range of retail uses. With a 7.5% cap rate and a net operating income of $57,786, this stabilized investment offers immediate cash flow and long-term upside in one of Albuquerque’s most accessible and business-friendly districts.
The asset is fully leased to two tenants—Green Central Station and Massage Spa—both with lease terms extending through September 2027. Suite A underwent a full renovation in 2022, and the building received a new roof in 2025, minimizing near-term capital expenditures. The site is situated within the officially adopted Menaul Metropolitan Redevelopment Area, enhancing its long-term value and positioning.
Surrounded by national hotel brands and quick-service restaurants, the property benefits from strong co-tenancy and consumer traffic. Monument signage, ample parking, and NR-LM zoning further support a wide range of retail uses. With a 7.5% cap rate and a net operating income of $57,786, this stabilized investment offers immediate cash flow and long-term upside in one of Albuquerque’s most accessible and business-friendly districts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,730 SF
Building Class
C
Year Built/Renovated
1965/2022
Price
$1,054,172 CAD
Price Per SF
$282.62 CAD
Cap Rate
7.46%
NOI
$78,607 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
NR-LM - Non Residential - Light Manufacturing
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 1-016-059-068277-2-15-02 | Improvements Assessment | $121,222 CAD |
| Land Assessment | $41,900 CAD | Total Assessment | $163,122 CAD |
Property Taxes
Parcel Number
1-016-059-068277-2-15-02
Land Assessment
$41,900 CAD
Improvements Assessment
$121,222 CAD
Total Assessment
$163,122 CAD
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