229,996 Square Foot Retail Space For Sale @ 7800 Enchanted Hills Blvd Ne

7800 Enchanted Hills Blvd NE, Rio Rancho, NM 87144


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

Listing company: Nai Maestas & Ward

Pricing: Contact for Pricing

Availability: Now

Listing ID: 1062757


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Sale Price: $0

Size: 229,996 square feet

Type: Retail Space

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