229,996 Square Foot Retail Space For Sale @ 7800 Enchanted Hills Blvd Ne, Rio Rancho, NM 87144

7800 Enchanted Hills Blvd NE, Rio Rancho, NM 87144

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Jake M.

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Photo of 7800 Enchanted Hills Blvd NE, Rio Rancho, NM 87144

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Listing Details

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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