This Retail Property is Off-Market.

111 NM Highway 528
Rio Rancho, NM 87124 ·

25,863 SF · Retail For Sale

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Value Add Starbucks Anchored Retail Center

Price N/A Property Use Type Net Lease Investment with 2 years left on lease
Gross Leasable Area 25,863 SF Cap Rate 9%
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center Lot Size 1.98 AC
Listing ID: 18650269 Date Created: 04/10/2014 Last Updated: 04/13/2016

Description

Anchored by Starbucks

Stable tenant mix comprised of services and necessities - nail salon, family medical practice, locksmith

Huge upside potential in lease up - 51% vacancy

9.0 proforma cap

" 40,000 CPD at intersection

" Stable demographics with high daytime work force

" Well located in the heart of Rio Rancho Industrial Park and at the gateway to dense single family developments

" High end existing build out in vacancies including a salon and light medical

Research

111 NM Highway 528, Rio Rancho, NM 87124 (Sandoval County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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