Multi-Tenant Strip Center with Standalone Drive-Thru

1761 Rio Rancho Blvd SE
Rio Rancho, NM

Price $2,247,385

NOI $157,317

CAP 7

Rentable SF 9,260 SF

Land Size 1.25 AC

OPPORTUNITY OVERVIEW:

Introducing the Multi-Tenant Strip Center with Standalone Drive-Thru located at 1761 Rio Rancho Blvd SE, Rio Rancho, NM 87124! This impressive property offers an excellent opportunity for investors with its high visibility to 50,400 cars per day and a great traffic count with a high daytime population. Situated on 1.25 AC, this multi-tenant retail building spans approximately 9,260 SF and is fully leased to 7 tenants, including popular businesses like Pinon Coffee, Lily & Liam's Bistro, State Farm, and more. With a NOI of $161,426 and a CAP rate of 7%, this property offers strong income potential. Located in the fast-growing area of Rio Rancho, this property benefits from recent investments by Intel, which will create 800 new jobs at the Rio Rancho Facility. The Albuquerque Metropolitan Area's northwest quadrant provides a thriving and dynamic market for this property. Don't miss out on this incredible investment opportunity!