#2 HIGHEST VPD CORNER IN THE STATE WITH GUARANTEED CASHFLOW

For Sale

4340 San Mateo NE, Albuquerque, NM 87110

This Albuquerque property for sale is located at 4340 San Mateo NE. The general use of #2 HIGHEST VPD CORNER IN THE STATE WITH GUARANTEED CASHFLOW is retail and it incorporates 16,104 square feet of class A retail space. The current listed sale price for #2 HIGHEST VPD CORNER IN THE STATE WITH GUARANTEED CASHFLOW is $7,250,000. #2 HIGHEST VPD CORNER IN THE STATE WITH GUARANTEED CASHFLOW is situated on a lot that is 1.49 acre in size.

Contacts

Christian File

Berkshire Hathaway NM Commercial Real Estate

Property Details

  • Property Type Retail
  • Property Size 16,104 SF
  • Lot Size 1.49 Acre
  • Cap Rate % 5.43
  • NOI / YR $393,971.00
  • Zoning MX-L
  • # of Floors 1
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2004
  • Date Updated Sep 28, 2026
  • Visibility/Traffic Count (VPD) 77,000

Rarely does a commercial real estate opportunity of this caliber come to market in New Mexico. This exclusive two-parcel portfolio controls the entirety of the #2 busiest hard corner intersection in the State of New Mexico — Montgomery Boulevard and San Mateo Boulevard NE — commanding 75,000 to 80,000 vehicles per day. Situated against the iconic backdrop of the Sandia Mountains, the portfolio totals approximately 16,104 SF of retail building area across 1.49 acres of irreplaceable urban land, both parcels fully leased under net lease structures delivering immediate cash flow from day one. The anchor asset at 4340 San Mateo Blvd NE is a 14,454 SF big-box retail building on 1.24 acres, corporate-guaranteed by CVS Pharmacy under an Absolute NNN lease running through August 2033. With CVS currently dark, the incoming owner holds a dual-track position: negotiate a lease buyout directly with one of America’s largest pharmacy corporations, or sublease the space to a qualified tenant — creating two layers of financial protection atop existing corporate-backed income. The companion parcel at 5260 Montgomery Blvd NE is a 1,650 SF freestanding retail building freshly leased to In and Out MVD on a brand-new personally guaranteed 5-year NNN lease with 3% annual rent escalations. Monument signage captures both southwest and northwest traffic flows maximizing daily exposure.

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

Highlights

  • #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.
  • 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.
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Attachments

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  • 70/100

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Location

  • City Albuquerque, NM
  • Neighborhood Montgomery Park
  • Zip Code 87110
  • Market Albuquerque

Points of Interest

  • Montaño

    2.68 miles

  • Los Ranchos/Journal Center

    3.63 miles

  • Africa Train Station

    5.57 miles

  • Sandia Pueblo

    5.58 miles

  • Asia Train Station

    5.72 miles

  • Tingley Station

    5.88 miles

  • Aquarium/Garden Station

    5.97 miles

  • Bernalillo County/International Sunport

    8.02 miles

  • Circle K

    0.60 miles

  • Maverik

    0.84 miles

  • Smith's Gas

    0.94 miles

  • Chevron

    0.94 miles

  • Phillips 66

    0.98 miles

  • Speedway

    1.11 miles

  • Tesla Supercharger

    2.16 miles

  • ChargePoint

    4.57 miles

  • East Parking

    1.19 miles

  • North Parking Lot

    1.19 miles

  • ARC Parking

    1.21 miles

  • South Parking

    1.22 miles

  • Underground Parking Entry

    2.14 miles

  • Park Square Parking Garage

    2.18 miles

  • Two Park Square Visitor Parking

    2.24 miles

  • RV Storage

    3.30 miles

  • New UNMH Parking Garage

    3.43 miles

  • Lomas Parking Structure

    3.49 miles

  • Chipotle

    0.07 miles

  • Popeyes

    0.13 miles

  • Chick-fil-A

    0.13 miles

  • Firehouse Subs

    0.13 miles

  • Domino's

    0.18 miles

  • Jimmy John's

    0.19 miles

  • Tako Ten

    0.19 miles

  • Raising Cane's

    0.21 miles

  • Del Taco

    0.25 miles

  • Papa John's

    0.26 miles

  • Albertsons

    0.15 miles

  • Ross

    0.19 miles

  • Burlington

    0.26 miles

  • A-1 Asian Market

    0.49 miles

  • Smith's

    1.05 miles

  • TJ Maxx

    1.18 miles

  • Apna Bazaar

    1.21 miles

  • Sprouts Farmers Market

    1.26 miles

  • Big Lots

    1.42 miles

  • Macy's

    1.71 miles

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