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Country Club Center 3301 Southern Blvd

39,685 SF 92% Leased Retail Building Rio Rancho, NM 87124 £4,115,786 (£104/SF) 8.15% Net Initial Yield

Investment Highlights

  • Stabilized and Growing Revenues as most Tenants have in-place rent increases
  • Dense Surrounding Population with robust consumer spending power
  • Positioned in a dominant retail node along Southern Blvd SE (+/- 24K VPD)
  • Value-Add Opportunity through the Purchase of Pad Ready Site

Executive Summary

Located in Rio Rancho - the most populous and only city in Sandoval County and part of the expansive Albuquerque metropolitan area. Located 12 miles North of Albuquerque, Rio Rancho is the 3rd largest city within the state and is centrally located in the heart of New Mexico. 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
£4,115,786
Price Per SF
£104
Net Initial Yield
8.15%
NOI
£335,437
Percent Leased
92%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.17
Lot Size
5.46 AC
Zoning
SU - Commercial Zoning
Parking
222 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
317 ft on Pinetree Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection

Nearby Major Retailers

Planet Fitness
Bank of Montreal
Bank of America
Bank of Albuquerque
Starbucks
Natural Grocers
Jazzercise
Dutch Bros
PNC Bank
Blake's LotaBurger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-013-068-057-388
Land Assessment
£38,403
Improvements Assessment
£123,086
Total Assessment
£161,489
  • Listing ID: 33910340

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 3301 Southern Blvd, Rio Rancho, NM 87124

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