Four Tenant Retail Investment

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30795344
Property Subtypes: Strip Center, General
Building Size (RSF): 17,082 SF
Gross Land Area: 1.68 Acres
Sale Price: $4,649,385
Unit Price: $272.18 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 7800 Carr Way NE
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 5/18/2022

Overview / Comments

The subject property is a multi-tenant retail building totaling approximately 17,082 square feet, situated on 1.675 AC. It is 100% leased to four tenants – Big 5 Sporting Goods, Subway, Cowden Family Dental and America’s Mattress. The property is located off of and visible from NM Highway 528, directly south of NM Highway 550. Tenants in the immediate trade area include Walmart Supercenter, Home Depot, BBVA Compass Bank, McDonald' s, Albertson' s, Anytime Fitness, Walgreens, Ross, Bed Bath and Beyond, PetSmart, Mattress Firm, IHOP, Big R and a variety of local vendors. Local attractions, including the Santa Ana Star Casino and Santa Ana Golf Course, are a short distance away.

Located in a tremendous growth area, Rio Rancho is positioned in the northwest
quadrant of the Albuquerque Metropolitan Area. The city was the fastest growing
county in New Mexico in people and percentage growth from 2017-2018
according to US Census statistics. The average household income within one mile of the subject property exceeds $93,000

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Tax ID/APN: R085601
Zoning: COMMERCIAL
Largest Nearby Street: Carr Way
Number of Stories: 1
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,019 16,563 39,922
Median Age: 36.06 38.08 39.79
Households: 1,467 6,008 14,520
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