Built in 2018, a one-story Starbucks on the growing northeast side of Albuquerque is being listed for as a net-leased single tenant opportunity with an asking price of around $2.1 million.
Located at 6707 Jefferson Street NE, the structure is designated as a Class B building and sits on a less than one-acre site.
The building, which is located one block from the Lovelace Medical Group facilities, was built during a time of significant Starbucks location growth in the Duke City.
The Seattle-based corporation oversaw the construction of five new Albuquerque stores between 2017 and 2018, and today has roughly a dozen locations in the city.
With the average Starbucks location measuring anywhere from 1,500 square feet to 2,000 square feet, the Jefferson Street store is on the large side at 2,025 square feet.
The listing is being offered by realtor Renz & Renz, which specializes in investment and commercial brokerage and is based in Gilroy, California.
Starbucks locations are regularly listed on the market as investment opportunities, with the famous coffee company maintaining operations, no matter who owns the building.
Current listings are seeing a 10,600-square-foot Starbucks store for sale in Voorhees Township, New Jersey, with an asking price of $5.4 million; and a 2,400-square-foot Starbucks location in Santa Clarita, California at $3.8 million.
By Garry Boulard