100% Leased Strip Center in Growing, Busy Trade Area

7800 Carr Way NE
Rio Rancho, NM

Price: $4,680,128

NOI: $327,609

CAP: 7

Rentable SF: 17,082 SF

Land Size: 1.675 AC

OPPORTUNITY OVERVIEW:

The subject property is a multi-tenant retail building totaling approximately 17,082 square feet, situated on 1.675 AC. It is 100% leased to four tenants – Big 5 Sporting Goods, Subway, Summit Family Dental and America’s Mattress. The property is located off and visible from NM Highway 528, directly south of NM Highway 550. Tenants in the immediate trade area include Walmart Supercenter, Home Depot, BBVA Compass Bank, McDonald's, Albertson's, Anytime Fitness, Walgreens, Ross, Bed Bath and Beyond, PetSmart, Mattress Firm, IHOP, Big R and a variety of local vendors. Local attractions, including the Santa Ana Star Casino and Santa Ana Golf Course, are a short distance away. Located in a tremendous growth area, Rio Rancho is positioned in the northwest quadrant of the Albuquerque Metropolitan Area. The city was the fastest-growing county in New Mexico in people and percentage growth from 2017-2018 according to US Census statistics. The average household income within one mile of the subject property exceeds $93,000.

Listing Brokers

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Michael Reneau

michael@ws-cre.com

505-273-7169

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Flora Koller 

flora@ws-cre.com

505-273-7167