Rio Rancho, NM Retail Property For Sale

> Retail / Mixed-use pads for Lease, BTS or Sale

> Flexible parcel sizes

> Premier development opportunity in the heart of the Unser Gateway

> The project fronts a major arterial and two major streets with three signalized inter-sections

> Multiple full movement access points along Westside Blvd. and Wellspring Ave.

> Major residential growth corridor with the future addition of Los Diamantes in close proximity

> Los Diamantes, a master-planned community programmed for 450 housing starts, a 70 acre business park and an elementary school

> Adjacent to Cabezon Master-planned Community with over 2,600 built-out homes in place

> Underserved node with high demand for retail, food and medical uses

> Adjacent to Rio Rancho’s and Sandoval County’s largest medical facility, Presbyterian Rust Medical Center

• ABC Preschool has been at this location for 11 years and recently exercised a 5-year extension, showing strong commitment to this trade area.

• Tenant has two locations with a strong track record and excellent reputation in Albuquerque/Rio Rancho.

• Rare and attractive annual CPI rent escalations.

• High barriers to entry in the day care industry.

• Building was custom built as a daycare facility in 2009.

• New TPO roof installed in 2020.

• Rapidly growing trade area with new retail, office and multi- family in various phases of development.

REDEVELOPMENT - MAJOR INTERSECTION RIO RANCHO SHOPPING CTR

+ Two pad sites remain available for owner/user possibilities

+ Sale, build-to-suit or ground lease

+ Busy signalized intersection with two dominant grocery operators generating high daily trip counts

+ Surrounded by a densely populated residential area - 72,000 people in 3 mile radius

+ Surrounding retailers include Walmart Neighborhood Market, Smiths Grocery, CVS Pharmacy, Walgreens and Starbucks

+ 72,300 VPD

Sales Price: $21,784,615

NOI: $1,416,000

Cap Rate: 6.5%

Seller Financing Available

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For Offering Memorandum, please contact David Fite at: david@kingcapitalcre.com

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WECK’S - ABOUT THE CONCEPT

This breakfast and lunch only concept have been servicing it’s “Full-Belly Tradition” menu since 1991. Known for its heading homemade portions, fast & friendly services and inviting locations. This concept continues to deliver year in and year out with an average unit volume of $1.9M.

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9 LOCATIONS (with associated listing numbers):

3913 & 3921 Louisiana Blvd NE, Albuquerque, NM - #33829697

730 Juan Tabo Blvd NE, Albuquerque, NM - #33829700

6311 Riverside Plaza Ln NW, Albuquerque, NM - #33829704

10131 Coors Blvd NW, Ste L2, Albuquerque, NM - #33829709

5115 Central Ave NE, Albuquerque, NM - #33829713

7301 Paseo Del Norte NE, Albuquerque, NM - #33827409

770 Coors Blvd NW, Albuquerque, NM - #33829718

1620 Rio Rancho Blvd SE, Albuquerque, NM - #33829721

3463 Main St NE, Los Lunas, NM - #33829722

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*Corporate Guarantee

*Absolute Net Structure Leases

*14.5 Years Remaining on Leases