Stable Local Tenant Retail Investment

1619–1625 San Pedro Dr NE offers a stable, income-generating opportunity located just outside Albuquerque’s highly active Uptown trade area—home to the highest daytime population in New Mexico.This fully leased, 5,560 SF multi-tenant retail building features a diverse mix of local tenants, including a gym, dispensary, dog grooming salon, and tea shop—creating strong co-tenancy synergy and built-in foot traffic. The property fronts San Pedro Drive, which sees over 13,479 vehicles per day, providing excellent visibility. There are no current vacancies, and the nearest lease expiration is in 2027, with options to renew. All tenants are currently on modified gross leases, presenting future upside for an investor to convert to triple net (NNN) lease structures upon renewal or re-tenanting. Originally constructed in 1962, the building is made of beige brick masonry and features a combination of TPO and tar-and-gravel roofing. Each suite is equipped with a swamp cooler and radiant heating. Signage includes individual building signage for each unit and a shared pylon sign with four tenant panels.This is an ideal opportunity for investors seeking stable in-place income with long-term potential in one of Albuquerque’s most active retail corridors.