For Sale
$5,260,126

3301 Southern BlvdRio Rancho, NM 87124

High-yield shopping center, prime Rio Rancho location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents the Country Club Center, a stabilized Class B shopping center totaling 39,685 square feet situated on 5.46 acres in Rio Rancho, New Mexico. Located on Southern Boulevard SE, a major thoroughfare boasting 24,000 vehicles per day, this multi-tenant property offers significant upside potential. The center currently enjoys a 96.2% occupancy rate with 14 units, generating a strong Net Operating Income (NOI) of $428,700 and an 8.15% cap rate. The asking price is $5,260,126, translating to $132.55 per square foot. Built in 1988, the property features a single building with 38,177 net rentable square feet and ample parking (5.59 spaces per 1,000 sq ft). The property is zoned SU and benefits from a robust surrounding population with high consumer spending power. The land value alone is $135.37 per square foot. This NNN-leased shopping center presents a value-add opportunity, including a pad-ready site for future development. The center is strategically located in Rio Rancho, New Mexico's most populous city, part of the Albuquerque metropolitan area, and benefits from a diverse economy encompassing customer service, manufacturing, healthcare, education, retail, and tourism. This is a rare opportunity to acquire a well-performing retail asset in a thriving market.

Highlights

  • Stabilized Class B shopping center with 96.2% occupancy and strong NOI of $428,700.
  • High-traffic location on Southern Blvd SE, averaging 24,000 vehicles per day.
  • Strong demographics with a dense population and high consumer spending power in Rio Rancho, NM.
  • Value-add opportunity with a pad-ready site for future development.

Property Details for 3301 Southern Blvd

Property type
Lifestyle centers, Power centers
Square Feet
39,685 SF
Class
B
Year Built
1988
Buildings
1
Lot Size (sq. ft)
237,838 SF
Units
14

Location Insight

City
Rio Rancho
County
Sandoval
State
New Mexico
Latitude
35.242754619881
Longitude
-106.66848600258
3301 Southern Blvd, Rio Rancho, New Mexico

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3301 Southern Blvd
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