Country Club Center Albertsons | 3301 Southern Blvd SE
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Country Club Center Albertsons 3301 Southern Blvd SE
39,685 SF 95% Leased Retail Building Rio Rancho, NM 87124 $7,397,841 CAD ($186 CAD/SF) 8.15% Cap Rate
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
Building Size
39,685 SF
Building Class
C
Year Built
1988
Price
$7,397,841 CAD
Price Per SF
$186 CAD
Cap Rate
8.15%
NOI
$602,924 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
5.46 AC
Zoning
SU - Special Use District
Parking
28 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-012-068-557-373 | Improvements Assessment | $225,208 CAD |
| Land Assessment | $139,938 CAD | Total Assessment | $365,146 CAD |
PROPERTY TAXES
Parcel Number
1-012-068-557-373
Land Assessment
$139,938 CAD
Improvements Assessment
$225,208 CAD
Total Assessment
$365,146 CAD
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Country Club Center Albertsons | 3301 Southern Blvd SE
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