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Elevate 3301 Southern Blvd SE

64,904 SF 100% Leased Retail Building Rio Rancho, NM 87124 $9,697,988 CAD ($149 CAD/SF) 7.46% Cap Rate

Executive Summary

This ±64,904 SF freestanding retail anchor in the Rio Rancho Neighborhood Center is now available fully leased to Elevate Trampoline Park and E3 Volleyball offering a 7.46% cap rate. Elevate is an indoor jump center where guests can somersault and catapult across a slew of trampoline-lined arenas. E3 Volleyball is a 30,000 SF professional volleyball facility sporting cross-over training and 3 indoor sand and 4 regular hard courts.
Rio Rancho is the 3rd largest city in New Mexico, the fastest growing community in the state, and one of the fastest growing in the southwest. Rio Rancho has been recognized as one of “America’s 50 Best Cities to Live” citing exceptional public schools.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
64,904 SF
Building Class
B
Year Built
1990
Price
$9,697,988 CAD
Price Per SF
$149 CAD
Cap Rate
7.46%
NOI
$723,062 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Land Acres
5.46 AC
Zoning
SU - Special Use District
Parking
28 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
182 ft on Pinetree Rd

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage

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
1-012-068-557-373
Land Assessment
$139,938 CAD
Improvements Assessment
$225,208 CAD
Total Assessment
$365,146 CAD
  • Listing ID: 34112350

  • Date on Market: 2024-12-06

  • Last Updated:

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

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