3301 Southern Blvd - Storefront FOR SALE


Rio Rancho, NM 87124
$4,925,000 USD
803-215-5147
3301 Southern Blvd, Rio Rancho, NM for Sale
$4,925,000 USD
Storefront - FOR SALE
1/15
null | 8.75% Cap Rate

3301 Southern Blvd
Rio Rancho, NM 87124


HIGHLIGHTS

  • Stabilized and Expanding Income Stream with in-place rent escalations across most tenants
  • Prime Location within a dominant retail corridor along Southern Blvd. SE (+/- 24,000 VPD)
  • High-Density Trade Area supported by strong consumer spending and residential growth

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,925,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Club Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

263

LAND DETAILS

LAND ACRES

5.53 AC

LAND SF

240,887 SF

ZONING

SU

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Luke HendersonMeybohm Commercial PropertiesMore Info
803-215-5147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Luke HendersonMeybohm Commercial PropertiesMore Info
803-215-5147

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.