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Multi-Tenant Retail Strip Near KAFB Entrance

121 Eubank Blvd NE, Albuquerque, NM 87123

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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

NameFloorRateSFFormer Use
Endcap1$22 /SF/Year2,089 SFCannabis Dispensary

For Sale/Lease

Retail

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

Property Area Insights

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