Contacts
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
- 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
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
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
-
81/100
Walk Score ®
-
38/100
Transit Score ®
-
70/100
Bike Score ®
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
Berkshire Hathaway NM Commercial Real Estate