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Walgreens 315 N Main St 14,259 SF Retail Building Belen, NM 87002 $6,450,403 CAD ($452.37 CAD/SF) 7% Cap Rate

Drug Stores New Mexico Belen 315 N Main St, Belen, NM 87002

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Investment Highlights

  • Absolute "NNN" Net Lease | Zero Landlord Responsibilities
  • Corporate Lease Guarantee Walgreens Co.
  • Minimal Drug Store Competition | Closest Walgreens 12+ Miles & CVS 32+ Miles Away
  • 10+ Years of Firm Term Remaining | Lease extended October 2021 Demonstrating Strong Commitment To Site
  • High-Visibility Hard Corner Location | Positioned At The Signalized Intersection of N Main Street & W Chavez Avenue w/ Traffic Counts Exceeding 20,900
  • Strategic Position Within The Albuquerque MSA | Located in Belen, NM Approx. 30 Miles South of Albuquerque, Benefiting From Regional Economic Growth

Executive Summary

Absolute "NNN" Net Lease | Zero Landlord Responsibilities

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,259 SF
Building Class
C
Year Built
2004
Price
$6,450,403 CAD
Price Per SF
$452.37 CAD
Cap Rate
7%
NOI
$451,528 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.55 AC
Zoning
C1
Parking
68 Spaces (6.44 Spaces per 1,000 SF Leased)
Frontage
337’ on Main St

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Links

1 1
315 N Main St, Belen, NM - Aerial map view - Image1
315 N Main St, Belen, NM - Aerial map view - Image2
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
U.S. Bank
Bank of Albuquerque
Jazzercise

Property Taxes

Parcel Number 1-007-028-135-383-000000 Improvements Assessment $606,897 CAD
Land Assessment $123,711 CAD Total Assessment $730,608 CAD

Property Taxes

Parcel Number
1-007-028-135-383-000000
Land Assessment
$123,711 CAD
Improvements Assessment
$606,897 CAD
Total Assessment
$730,608 CAD
(248) 702-0288

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39639378

  • Date on Market: 2026-03-03

  • Last Updated:

  • Address: 315 N Main St, Belen, NM 87002

The Retail Property at 315 N Main St, Belen, NM 87002 is currently available for Sale. Contact Encore Real Estate Investment Services for more information.

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315 N Main St, Belen, NM for sale Primary Photo- Image 1 of 6
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315 N Main St, Belen, NM for sale Building Photo- Image 2 of 6
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315 N Main St, Belen, NM for sale Building Photo- Image 3 of 6
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315 N Main St, Belen, NM for sale Aerial- Image 5 of 6
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Walgreens | 315 N Main St
(248) 702-0288 x

Walgreens | 315 N Main St

Deno Bistolarides
(248) 702-0288

Brandon Hanna
(248) 702-0290

Dante Hargis
(248) 702-0289

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