Stand Alone Commercial near Downtown Rio Rancho

Retail-Commercial for Lease
Catylist Listing ID: 30704229
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Contiguous Space: 5,000 SF
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.01 Acres
Lease Rate: $9.50 PSF (Annual)
Base Monthly Rent: $3,958
Lease Types: Modified Gross
Last Updated: 2/15/2021

Overview / Comments

PROPERTY OVERVIEW
1504 Cherry Rd. is a 5,000 SF commercial building situated on 1.01 acres of
land. This property was previously a convenience/grocery store and features
restaurant infrastructure and walk-in coolers. The properties high and open
ceiling plan coupled with the CMU construction, make this property ripe for
redevelopment/improvement. The area lacks many retail/service users and
end users could benefit by filling the demand for ANY services.

LOCATION OVERVIEW
1504 Cherry Rd. is located near the corner of Unser and Cherry Rd. in Rio
Rancho, NM. This property is surrounded by 1,000+ homes in the immediate
1-mile ring and there are countless new home and townhome developments
under construction in the area. This property is near the center of geographic
Rio Rancho and near the master-planned Downtown Rio Rancho that includes
Rio Rancho City Hall, Santa Ana Star Center, Hewlett Packard, UNM West
CNM, West UNM Regional Medical Center. Many of these employers intend on
growing and there is other speculative development in the area. With a city
proper population of 100,000+ the city of vision is ripe for development and
opportunity.

Expand All Available Space

Suite: A 5,000 SF $9.50 PSF (Annual) Modified Gross
Space Available: 5,000 SF
Lease Rate: $9.50 PSF (Annual)
$3,958 (Monthly)
Lease Type: Modified Gross
Date Available: 2/2/2021
Space Type: Relet

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R021075

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,331 46,181 85,771
Median Age: 32.07 36.38 37.83
Households: 1,694 16,988 31,528

Contact

Photograph of Listing Agent

Daniel Kearney

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Austin Tidwell

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

RESOLUT RE CARNM CIE Member
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