7800 Enchanted Hills Blvd NE, Rio Rancho, NM 87144

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Building Details:

7800 Enchanted Hills Blvd NE is aretail property located in Rio Rancho, NM. The property currently has 1 retail space for lease and is marketed by Nai Maestas & Ward.

Top performing Albertsons location with very strong sales
Absolute NNN lease with zero landlord responsibilities
Tenant recently completed remodel with a total cost around $500,000
5 years of base lease term remaining through October 31, 2021, with five 5-year renewal options
Strong national tenant
Located in the fastest growing region of the Albuquerque MSA
Services trade area of +/-128,000 and growing, including Rio Rancho, Bernalillo, Algodones, and Corrales
More than 60,000 Vehicles Per Day at the nearby intersection of Highway 528 & Hwy 550

Offering Summary:

Purchase Price: $8,460,000

Net Operating Income:$550,000*

Cap Rate 6.50%

Lease Types: Absolute NNN

* $450,000 in base rent; $100,000 in percentage rent-exceeds maximum percentage rent threshold by $7 million

• Available Spaces

Suite	Space Type	Pricing	Size
---	Retail Space	For sale: Contact for Pricing	229,996 sqft
View Details Listing company: Nai Maestas & Ward Pricing: Contact for Pricing Availability: Now Listing ID: 1062757 Save to list