Multi-Tenant Retail Strip Near KAFB Entrance
121 Eubank Blvd NE, Albuquerque, NM 87123

Overview
121 Eubank is a ±5,095 SF, 3 tenant retail strip in the SE heights submarket of Albuquerque. It is strategically located near the main entrance to the Kirtland Air Force Base and Sandia National Labs and features a great opportunity for owner/users and tenants alike to take advantage of this newly renovated opportunity. There is currently 2,089 SF available that can be leased, new owner can purchase the building and occupy the vacancy, or an investor can purchase with below market rents ($11-$13 NNN) to fill the vacancy and increase rents on current lease to improve the return.
121 Eubank is a ±5,095 SF retail center strategically located in Albuquerque’s Southeast Heights, offering excellent visibility and convenient access along Eubank Boulevard, including left-in/left-out ingress. The property has historically maintained strong occupancy, catering to a mix of retail and service-oriented tenants.
- Strategic location near the entrance to Kirtland Air Force base and Sandia National Labs
- Great opportunity for an owner/user, investor with upside potential or to lease this second gen retail space
- Income generated day one from current leases
- Building recently renovated in 2022
- High traffic area with 28k VPD on Eubank
- Strong retail area with Costco, Home Depot, Walmart, and Sam;s Club driving traffic
Lease Spaces
| Name | Floor | Rate | SF | Former Use |
|---|---|---|---|---|
| Endcap | 1 | $22 /SF/Year | 2,089 SF | Cannabis Dispensary |
Attachments
For Sale/Lease
Secondary Uses: Strip Center
- Lease Rate
- $22 SF/year
- Available SF
- 2,089 SF
- Sale Price
- $850,000
- Price Per SF
- $166.8/SF
- Building Size
- 5,095 SF
- Acres
- 0.31 ac
- Zoning
- MX-L
- Zoning Description
- Mixed Use Low Intensity
- Lease Type
- NNN
- Expenses
- $3 /SF
- Signage
- On Building and Pylon
- Do Not Disturb Tenant
- Yes
- Submarket
- Southeast Heights
- Property Status
- Existing
- Vehicles Per Day
- 28,787 VPD
- Is End Cap
- Yes
- County
- Bernalillo
- Created
- 11/13/2025
- Updated
- 11/24/2025
- Listing ID
- 19eae534
- Parcel APN
- 102005752602840806
Contact Brokers
Property Area Insights
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