4340 San Mateo Boulevard NE, Albuquerque, NM 87110 (MLS# 1103197)

Supplements: With CVS currently dark, the incoming owner holds a powerful 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 ... (Read more) With CVS currently dark, the incoming owner holds a powerful 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. With a 2025 five-mile population of 300,035 and average household income of $88,000, this is one of the rarest properties to hit the New Mexico market in over a decade -- uniquely positioned for an institutional buyer, an owneruser seeking a CVS buyout, or a visionary redevelopment group. 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