Former Walgreens Available for Sublease | Central & Carlisle
5201 Central Ave NE, Albuquerque, NM 87108
- Rare large format drive-thru availability along Central Ave
- Signalized hard corner at two major arterials
- Superior visibility and multiple full access points
- Excellent exposure with traffic counts in excess of 40,200 VPD
- Near the Louisiana Albuquerque Rapid Transit (ART) stop
- Sublease with Walgreens to expire on January 15, 2033
Rental Details
- Number of spaces 1
- Total square feet available 14,204 SF
- For Lease Price on request
- Space Type Retail
- Latest Update Oct 28, 2026
Reach out to the broker for more info on lease terms and amenities
True
1 Space Available
| Space Name | Space Type | Lease Rate | Total Space | Floor | Lease Type | |
|---|---|---|---|---|---|---|
| Space Available | Retail | Price on request | 14,204 SF | - | - |
Space Available
- Space Type
- Retail
- Lease Rate
- Price on request
- Total Space
- 14,204 SF
Contacts
Colliers
Building Details
- For Lease Price on request
- Property Type Retail
- Additional Rent Price on request
- Year Built 2004
- Date Updated Oct 28, 2026
Location
- City Albuquerque, NM
- Neighborhood Highland Business
- Zip Code 87108
- Market Albuquerque
-
Walk score 86/100 Very Walkable -
Transit score 45/100 Some Transit -
Bike score 87/100 Very Bikeable
Points of Interest
Africa Train Station
4.18 miles
Asia Train Station
4.42 miles
Montaño
4.79 miles
Tingley Station
4.96 miles
Bernalillo County/International Sunport
5.20 miles
Aquarium/Garden Station
5.36 miles
Los Ranchos/Journal Center
6.98 miles
Sandia Pueblo
9.15 miles
Murphy Express
0.42 miles
Pump-N-Save
0.48 miles
Valero
0.54 miles
Circle K
0.57 miles
Fill-Up
0.60 miles
Y-Mart
0.62 miles
Alon
0.75 miles
Smith's gas station
0.84 miles
Tesla Supercharger
2.54 miles
ChargePoint
3.62 miles
Patient Lot
1.58 miles
Employee Lot J
1.72 miles
Lomas Parking Structure
1.77 miles
Two Park Square Visitor Parking
1.81 miles
Park Square Parking Garage
1.82 miles
Cornell Parking Garage
1.84 miles
Underground Parking Entry
2.01 miles
Recreational Storage
2.02 miles
Yale Parking Garage
2.03 miles
New UNMH Parking Garage
2.06 miles
El Mezquite Market
0.52 miles
Sprouts Farmers Market
0.57 miles
Bombay Spice
0.74 miles
Nob Hill Body and Soul Center
0.78 miles
Smith's
0.79 miles
La Montañita Co-op Nob Hill
1.05 miles
999 Seafood Supermarket
1.34 miles
TJ Maxx
1.82 miles
Walmart Neighborhood Market
1.83 miles
La Montanita
1.87 miles
Listing Summary
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Retail Space Available The property exclusively contains Retail space totaling 14,204 square feet.
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Space Sizes - 5201 Central Ave NE includes 1 large retail space of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations.
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Area Characteristics 5201 Central Ave NE is located in the Highland Business neighborhood of Albuquerque. The Highland Business retail market offers 6 retail listings, representing a total of 259,080 square feet of retail space for lease.
The most common retail type in the Highland Business neighborhood is ElDorado Heights, of which the market currently offers 16 spaces.
You can also find 15 Bel Air spaces. Additionally, leasing opportunities here include 11 Near North Valley spaces.
Colliers
