241 98th Street NW
241 98th Street NW, Albuquerque, NM 87121
- Brand-new lease and newly constructed improvements combine with scheduled rent growth to create a compelling long-term investment
- Long-term lease features 10% rent increases every five years, continuing throughout the option periods
- The ground lease structure provides for a passive investment
- Corporate-backed Chipotle Mexican Grill provides reliable cash flow from one of the nation’s leading fast-casual restaurant brands
Building Details
- For Sale $3,500,000
- Property Type Retail
- Property Size 2,325 SF
- Lot Size 0.79 Acre
- Cap Rate % 5
- NOI / YR $175,000.00
- Additional Rent Price on request
- Date Updated Oct 13, 2026
- Visibility/Traffic Count (VPD) 39,400
Reach out to the broker for more info on lease terms and amenities
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Contacts
NAI SunVista
Location
- City Albuquerque, NM
- Neighborhood Avalon
- Zip Code 87121
- Market Albuquerque
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Walk score 50/100 Somewhat Walkable -
Transit score 24/100 Minimal Transit -
Bike score 49/100 Somewhat Bikeable
Points of Interest
Aquarium/Garden Station
3.74 miles
Tingley Station
4.01 miles
Asia Train Station
4.50 miles
Africa Train Station
4.75 miles
Bernalillo County/International Sunport
6.00 miles
Montaño
7.47 miles
Los Ranchos/Journal Center
9.82 miles
Maverik
0.06 miles
Flying J
0.12 miles
Valero
0.31 miles
Alon
0.86 miles
Murphy Express
1.26 miles
Circle K
1.68 miles
Speedway
1.90 miles
Walmart
1.90 miles
ChargePoint
5.11 miles
Tesla Supercharger
7.72 miles
Northwest Mesa Transit Center
1.06 miles
Old Town Plaza Verde Parking
4.35 miles
New Mexico Bank & Trust Parking
5.26 miles
Albuquerque Plaza Office & Hotel
5.31 miles
Bank of the West Center Garage
5.40 miles
Metro Park
5.40 miles
Bosque School Middle School Parking Lot
5.48 miles
Bosque School Visitor Parking
5.49 miles
Convention Parking
5.54 miles
Bosque School Main Parking Lot
5.55 miles
El Mezquite Market
0.45 miles
Walmart Neighborhood Market
1.75 miles
Smith's
1.79 miles
Albertsons
1.86 miles
Big Lots
1.99 miles
Botanero Guaymas
2.02 miles
Walmart Supercenter
3.25 miles
El Super
3.25 miles
Ross
3.25 miles
Burlington
3.37 miles
Listing Summary
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Property Financials 241 98th Street NW is currently listed for sale at $3,500,000 for a price per square foot of $1,505.38.
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Property Details 241 98th Street NW totals 2,325 square feet of Retail space on a lot spanning 0.79 acres.
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Area Characteristics 241 98th Street NW is located in the Avalon neighborhood.
In terms of ease of commuting, the area has a walk score of 50, indicating that it is somewhat walkable.
NAI SunVista
