7850 Enchanted Hills Blvd NE - Drug Store FOR SALE


Rio Rancho, NM 87144
$5,058,000 USD
949-506-2009
7850 Enchanted Hills Blvd NE, Rio Rancho, NM for Sale
$5,058,000 USD
Drug Store - FOR SALE
1/9
null | 6.25% Cap Rate

7850 Enchanted Hills Blvd NE
Rio Rancho, NM 87144


HIGHLIGHTS

  • Long-term lease with early lease extension | Tenant recently extended its lease early by over 7 years, bringing the total term to 11.5+ years
  • Absolute NNN lease | Zero Landlord responsibilities
  • Signalized, hard corner location with excellent access and visibility from Pat D’Arco Highway & Enchanted Hills Blvd NE | Combined ±50,685 VPD
  • Steady sales volume and well-established location | Tenant has been operating at the site for nearly 23 years
  • Outparcel to an Albertson’s-anchored shopping center
  • Kitty corner to a Walmart Supercenter-anchored shopping center

OVERVIEW

• Long-term lease with early lease extension | Tenant recently extended its lease early by over 7 years, bringing the total remaining term to over 11.5 years • Absolute NNN lease | Zero Landlord responsibilities • Signalized, hard corner location with excellent access and visibility from Pat D’Arco Highway & Enchanted Hills Blvd NE | Combined ±50,685 VPD • Steady sales volume and well-established location | Tenant has been operating at the site for nearly 23 years • Outparcel to an Albertson’s-anchored shopping center • Kitty corner to a Walmart Supercenter-anchored shopping center • Directly across the street from Plaza at Enchanted Hills | Anchored by Sprouts, T.J. Maxx, Ross, and the newly opened THE BLOCK, an indoor/outdoor Container Park featuring retail and event space • Site is walking distance to: • Santa Ana Star Casino Hotel | The first Native-American casino to operate in New Mexico | 204 rooms and 1,300+ slots • US Highway 550 which sees nearly 41,000 VPD • The New Mexico Soccer Tournament Complex • Home Depot • Rapidly growing area | Population has grown 16.57% since 2020 within a 1-mile radius • Affluent area | The average household income exceeds $129,400 within a 1-mile radius • Less than 2.5 miles from Bernalillo High School | 800+ students • Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the U.S. and Europe | ±12,500 worldwide locations • Generated $147B+ in FY 2024, a 6.2% increase from 2023 • Ranks #28 on the Fortune 500 • BB Credit Rating (S&P)

FOR SALE DETAILS

PRICE

$5,058,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 11.5+ Yrs NNN | Strong Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

-

APN/PARCEL ID

1-018-074-262-109

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.