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Country Club Center 3301 Southern Blvd 39,685 SF 96% Leased Retail Building Rio Rancho, NM 87124 $4,925,000 ($124.10/SF) 8.75% Cap Rate
Investment Highlights
- Stabilized and Expanding Income Stream with in-place rent escalations across most tenants
- High-Density Trade Area supported by strong consumer spending and residential growth
- Prime Location within a dominant retail corridor along Southern Blvd. SE (+/- 24,000 VPD)
Executive Summary
Rio Rancho is the most populous and only city in Sandoval County and part of the expansive Albuquerque metropolitan area. Located twelve miles north of Albuquerque, Rio Rancho is the third-largest city within the state and is centrally located in the heart of New Mexico. Comprising of over one hundred square miles of land, the city of Rio Rancho is just thirty minutes from Albuquerque International Airport and forty-five minutes from Santa Fe, New Mexico. Known as “The City of Vision”, Rio Rancho is saturated with tradition and history that combines cultural values and education to progressively impact the quality of life and conducting business. As one of the fastest growing and safest cities in the southwest, Rio Rancho has been recognized as one of ‘America’s 50 Best Cities to Live’ according to Money Magazine . The economy of Rio Rancho includes customer service centers, manufacturing, healthcare, education, retail, and tourism. The top ten employers within Rio Rancho have approximately over 7,500 employees in multiple industries with Intel Corporation being the largest employer followed by Presbyterian Healthcare Services.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
39,685 SF
Building Class
C
Year Built
1988
Price
$4,925,000
Price Per SF
$124.10
Cap Rate
8.75%
NOI
$430,909
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
5.53 AC
Zoning
SU - Commercial Zoning
Parking
263 Spaces (6.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
1 of 16
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Country Club Center | 3301 Southern Blvd
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