Properties For Sale $3 - Retail
100% Leased Strip Center | Growing, Busy Trade Area | Rio Rancho, NM
The subject property is a multi-tenant retail building totaling approximately 16,903 square feet, situated on 1.675 AC. It is 100% leased to four tenants – Big 5 Sporting Goods, Subway, Cowden Family Dental and America’s Mattress. The property is located off of and visible from NM Highway 528, directly south of NM Highway 550. Area cotenants 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 population within a 1-mile radius of the area is expected to grow by nearly 18% by 2019, and the current average household income exceeds $87,000.