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Retail-Commercial for Sale
Catylist Listing ID: 30758132
Property Subtypes: Day Care Facility
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.19 SF
Sale Price: $4,000,000
Unit Price: $400 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 9/8/2021

Overview / Comments

Single-Tenant Net-Lease - TLE
2021 Construction
Long-term lease - 16-year initial term
Building Size: +/- 10,000 SF
Land Size: +/- 1.19 Acres
National tenant with over 450 locations and growing
• Best-in-class operator
• America’s fastest growing daycare franchise
Premier location with strong real estate fundamentals
• Strong customer base with affluent demographics
• Unser Blvd is a major north/south thoroughfare in Albuquerque and Rio Rancho
• Near numerous amenities and retailers but surrounded by dense residential neighborhoods
Rio Rancho (part of the Albuquerque MSA) is one of the fastest growing cities in New Mexico
Passive lease structure with limited landlord responsibilities
• Landlord responsible for roof and structure
• Roof warranty in-place

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Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R155509
Tenancy: Single Tenant
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,977 91,066 147,912
Median Age: 31.29 35.94 37.32
Households: 3,357 33,992 56,293
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