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For Lease

Former Walgreens Available for Sublease | Central & Carlisle

5201 Central Ave NE, Albuquerque, NM 87108

14,204

SF Available
  • 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 Contact for pricing
  • Space Types Retail
  • Date Updated May 20, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

True

For Lease 1 Space Available

Space Available

  • Space Type Retail
  • Lease Rate Contact for pricing
  • Total Space Available 14,204 SF
  • Attachments pdf opens in new window pdf opens in new window
  • Divisible Space 14,204 - 14,204 SF
  • Available Date Immediate
  • Renewal Option No
  • Sublease Yes
  • Build Type Full build out
broker
Ben Perich

Colliers

Contacts

broker
Ben Perich

Colliers

Building Details

  • For Lease Contact for pricing
  • Property Type Retail
  • Year Built 2004
  • Date Updated May 20, 2026

Getting Around

  • Walk Score ®

    Very Walkable (86)
  • Transit Score ®

    Some Transit (45)
  • Bike Score ®

    Very Bikeable (87)
Powered by Walk Score ®

Location

  • City Albuquerque, NM
  • Neighborhood Highland Business
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

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

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

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

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

5201 Central Ave NE Listing Summary

  • The Price for Retail Space at 5201 Central Ave NE

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. For details on asking rent or information on other costs, use the contact form available on this page to reach out to the property representative.

    5201 Central Ave NE is located in the Highland Business neighborhood, which is home to a total of 8 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 5201 Central Ave NE

    The property exclusively contains Retail space totaling 14,204 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. The property includes 1 large retail space(s) 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. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Highland Business Neighborhood

    5201 Central Ave NE is located in the Highland Business neighborhood of Albuquerque. The Highland Business retail market offers 8 retail listing(s), representing a total of 267,934 square feet of retail space for lease.

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Highland Business resident is 38 years old, and the median household income here is $42,724 per year.

Contact Listing Broker
broker
Ben Perich

Colliers

  1. 1Main information
  2. 2Extra information
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