Albuquerque, New Mexico

🏪 Freestanding Retail | Former Cannabis Dispensary / QSR | Signalized Corner | $400,000 Sublease Opportunity

📊 Investment Highlights

• Asking Price: $400,000

• Property Type: Retail

• Sub Type: Commercial / Quick Service Restaurant / Former Cannabis Dispensary

• Square Footage: ±1,400 SF

• Price per SF: $285.71

• Lot Size: ±0.34 Acres

• Lease Type: Sublease (Through Jan 31, 2027)

• Frontage: 131 Feet on Gibson Blvd SE

• Parking: 14 On-Site Spaces (Front Lot)

• Visibility: Prominent Corner Location with Pylon Signage

• Traffic Count: 20,000+ Vehicles Per Day

🧾 Executive Summary

An exceptional freestanding retail property positioned at the signalized hard corner of Gibson Blvd SE and San Pedro Dr in Albuquerque, NM — offering prime visibility, dual ingress/egress, and versatile potential for a wide range of retail or quick-service tenants.

Most recently operated as a cannabis dispensary, this 1,400 SF building was originally constructed for Papa John’s Pizza, featuring a drive-thru-ready layout, high visibility from both Gibson and San Pedro, and ample front parkingfor customer convenience.

This sublease opportunity runs through January 31, 2027, presenting a short-term, flexible lease structure ideal for operators seeking low-cost entry into an established corridor with strong demographics and steady traffic flow.

The site benefits from proximity to major employment and institutional anchors, including Kirtland Air Force Base, Sandia National Laboratories, the VA Medical Center, and the University of New Mexico, all within a 2.5-mile radius.

Whether repurposed for restaurant use, retail storefront, or reopened as a dispensary, this high-visibility property offers a rare combination of location, accessibility, and adaptability along one of Albuquerque’s most active east-west corridors.

🏢 Property Overview

• Building Size: ±1,400 SF

• Lot Size: ±0.34 Acres

• Configuration: Single-Tenant Freestanding Retail

• Frontage: 131 ft on Gibson Blvd SE

• Access Points: Dual access from both Gibson Blvd & San Pedro Dr

• Parking: 14 spaces in front lot

• Year Built: Constructed for Papa John’s

• Former Use: Cannabis dispensary / Quick service restaurant

• Signage: Building-mounted & large pylon sign

• Traffic Exposure: 20,000+ VPD

⚙️ Interior Configuration

• Large open sales floor / customer area

• Back office and storage locker

• Two restrooms at rear of space

• Configurable layout for retail, restaurant, or dispensary use

• Drive-thru potential (subject to local approval)

📍 Location Highlights

• Prime Corner Exposure: Gibson Blvd SE & San Pedro Dr (signalized)

• Regional Draw: Kirtland AFB, Sandia Labs, VA Medical Center, and UNM

• Surrounding Uses: Restaurants, service retail, and neighborhood centers

• Accessibility: 2.5 miles from Albuquerque International Sunport

• Demographics: Dense employment population, steady daytime traffic

🌿 Potential Uses

• Retail Dispensary (re-open under new license)

• Quick Service Restaurant / Café

• Coffee, Smoothie, or Specialty Retail Concept

• Small Office / Medical Use

• Delivery or Takeout Hub

💡 Summary of Opportunity

• ✅ Freestanding Retail Building on Signalized Corner

• 🚗 Dual Access, 20,000+ VPD, Prominent Pylon Signage

• 🌿 Former Cannabis Dispensary / QSR Build-Out

• 🕓 Sublease Available Through Jan 2027 – Flexible Terms

• 📍 High-Traffic Corridor Serving Kirtland AFB & UNM

• 💼 Ideal for Retail, Restaurant, or Specialty Use