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Value Add Starbucks Anchored Retail Center

111 NM Highway 528, Rio Rancho, NM 87124

$5,195,000

25,863 SF | Retail

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Retail Property For Sale

Price:
$5,195,000
Gross Leasable Area:
25,863 SF
Price/SF:
$200.87
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Net Lease Investment with
2 years left on lease
Commission Split:
1.5%
Cap Rate:
9%
Occupancy:
49%
Tenancy:
Multiple
Lot Size:
1.98 AC
Listing ID
18650269
Last Updated
3 days ago

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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

Financial Summary

  • Actual
  • $468,000

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

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

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Asking Price Index Trends for Rio Rancho, NM Retail For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$142-2.5%+8.9%
-
Metro
$145-1.1%+5.3%

View Rio Rancho Market Trends for other property types for sale or lease. Learn more about the chart info.

Value Add Starbucks Anchored Retail Center
  • Retail
  • $5,195,000
  • 25,863 SF