Rio Rancho, NM Retail Property For Sale

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Retail for Sale

Rio Rancho, NM 87144

Located in one of the fastest growing areas of the Albuquerque MSA, this single-tenant building is leased to Verizon Corporate on an initial 7 year primary term commencing 11/15/2016 expiring 11/30/2023 with 3 years remaining and three 3-year option terms with annual rent increases. Prominently positioned on a busy State Highway, NM 528, the site is visible to 39,000+ VPD. Additionally, as an outparcel to a major power center anchored by TJMaxx, Ross, PetSmart and Burke’s customer traffic is driven to the store through multiple channels. The investment opportunity provides the buyer with a stable and predictable income stream under a corporate lease with rent increases and recoverable operating expenses.

Property Highlights:

• Single-tenant Investment | Verizon Corp. (NYSE: VZ)

• 6.75% Cap

• Double Net Lease

• Adjacent to -

Super Walmart, Home Depot, Albertsons, TJMaxx, Ross Dress for Less

• NM Highway 528 visibility

Retail for Sale

Rio Rancho, NM 87124

Strategically positioned adjacent to a top-performing Super Walmart at a major Rio Rancho intersection, this 22,100 SF multi-tenant retail building is 100% occupied with a variety of retail and service-oriented tenants. The Unser Blvd. and Southern Blvd. trade area has experienced explosive growth with the opening of the new Presbyterian Hospital and Rio Rancho's first movie theater. Residential Development in the surrounding area has been significant as well. A staggered rent roll provides the owner the ability to mitigate lease roll in the future while continuing the properties history of high occupancy.

Retail for Sale

Rio Rancho, NM 87124

Retail for Sale

Rio Rancho, NM 87124

Natural Grocers is an expanding specialty retailer of natural, organic groceries, body care products and dietary supplements. It currently operates 156 stores in 20 states, with three new stores opening so far in fiscal 2020 and six stores opened in fiscal year 2019. Natural Grocers by Vitamin Cottage trades on the New York Stock Exchange (NYSE) under the ticker symbol “NGVC.” Natural Grocers does not sell products that are known to contain artificial colors, flavors, preservatives or sweeteners or partially hydrogenated or hydrogenated oils. In addition to grocery sales, Natural Grocers provides free nutrition education, including a nutritional health coach in every store.

The subject property is visible to 50,300 VPD and is located at the primary retail intersection which boasts a Smith’s grocery store, Walgreens, CVS, ACE Hardware, Starbucks, Verizon and Walmart Neighborhood Market. The subject is also approximately ½ mile north of an Intel manufacturing facility (Fab 11x) which is one of the largest semiconductor fabrication plants in the world and a current employment of over 2,500 running 24 hours per day.

The subject property is 13,847 sf and is a freestanding building on 1.30 acres allowing for maximum exposure, ease of customer access, and ample onsite parking.

Retail for Sale

Rio Rancho, NM 87124

Retail for Sale

Rio Rancho, NM 87124

1446 Unser was home for many years to the American Classic IHOP, which has now vacated the premises and this freestanding restaurant is now ready for a new occupant. This 4,651 square foot building features 2 monument signs to catch customers from Unser, it has great access directly to the south of the site and is

left in a great condition for another restaurant. Rio Rancho is surrounded by residential homes and excellent demographics that this building will be perfectly positioned to serve. This building is for sale or lease, and could even be a redevelopment opportunity for a variety of medical uses with the building’s close proximity to the Presbyterian Rust Medical Center.

Rio Rancho is bustling with activity and new construction is abundant. This property is located along Unser Blvd south of Southern Blvd and directly north of the Presbyterian Rust Medical Center and the popular first Dutch Bros Coffee in New Mexico. 1446 Unser is part of the Cabezon Commons Plaza along with Dion’s, Rio Grande Credit Union and after hours pediatrics. This area features great traffic counts with 35,000 cars per day and a population of 83,000 within 3 miles of the site.

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