100% Leased Multi-Tenant Retail Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30652518
Property Subtypes: Street Retail
Building Size (RSF): 22,110 SF
Gross Building Area: See Agent
Gross Land Area: 2.63 Acres
Sale Price: $6,479,848
Unit Price: $293.07 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Average Occupancy Rate: 100
Last Updated: 6/7/2021

Overview / Comments

Strategically positioned adjacent to a top-performing Super Walmart at a major Rio Rancho intersection, this 22,100 SF multi-tenant retail building is 100% occupied with a variety of retail and service-oriented tenants. The Unser Blvd. and Southern Blvd. trade area has experienced explosive growth with the opening of the new Presbyterian Hospital and Rio Rancho's first movie theater. Residential Development in the surrounding area has been significant as well. A staggered rent roll provides the owner the ability to mitigate lease roll in the future while continuing the properties history of high occupancy.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Taxing Authority: Sandoval County
Tax ID/APN: R070385
Property Located Between: On Unser just North of Southern
Property Visibility: Excellent
Largest Nearby Street: Unser & Southern
Traffic/Vehicle Count: 51,000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,149 71,161 138,184
Median Age: 34.44 35.59 36.8
Households: 4,157 26,447 51,776


Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
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