1630 Rio Rancho Blvd SE 11,973 SF 100% Leased Retail Building Rio Rancho, NM 87124 $3,229,792 ($269.76/SF) 7.50% Cap Rate

Located at a signalized intersection along Rio Rancho Blvd SE, this fully leased retail strip center offers a rare opportunity to acquire a stabilized, inflation-protected asset in one of New Mexico’s fastest-growing submarkets. The property sits on a high-profile 1.03-acre pad site within Hilltop Plaza, a vibrant retail hub anchored by Defined Fitness, NAPA Auto Parts, and Big O Tires, and adjacent to the 200+ acre Intel campus—a major regional employer.
The center features four tenants across recession-resistant sectors: Lovelace Health System (urgent care), Urban Wellness (cannabis dispensary), Gonzales Jiu-Jitsu (fitness academy), and Boba Catch (bubble tea café). All leases are structured as NNN with scheduled annual rent increases ranging from 2% to 3%, ensuring predictable year-over-year income growth and minimal landlord responsibilities.
Surrounding demographics are highly favorable, with over 149,000 residents and nearly 60,000 households within a five-mile radius, and average household income exceeding $115,000. The site benefits from strong visibility and traffic counts nearing 45,000 vehicles per day, with proximity to Walmart, Smith’s Grocery, Dutch Bros, and other national retailers.
This asset combines tenant diversity, strategic location, and long-term lease stability, making it an ideal choice for investors seeking durable cash flow and low-maintenance ownership.