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28756732
28756733

3301 Southern Blvd, Rio Rancho, NM 87124

DC
AZ SA641240000
DAUM Commercial Real Estate Services Phoenix
TM
AZ AZ SA641547000
DAUM Commercial Real Estate Services Phoenix
CR
AZ SA634966000
DAUM Commercial Real Estate Services Phoenix
Listed by DAUM Commercial Real Estate Services Phoenix
$5,500,000
183 days on market
Updated 44 days ago

Elevate Trampoline Park NNN Investment Opportunity

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 64,904
Cap Rate 9.97%
NOI $548,085
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 7
Lease Expiration 12/31/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options Three 5 Year Options
Price per SqFt $85
Investment Type Net Lease
Lease Commencement 01/01/2024
Ground Lease No

Retail | 9.97% CAP | 64,904 SqFt

Marketing description

Introducing an incredible investment opportunity in Rio Rancho, NM! Presenting 3301 SOUTHERN BLVD, a prime commercial property offering a spacious ±64,904 SF building on 5.85 acres of land. This well-maintained property boasts a sturdy masonry construction and a generous clear height of 22'. Currently housing two thriving tenants, ETP Rio Rancho Park, LLC and E3 Volleyball, LLC, this property brings in a combined monthly rent of $45,642.83. With a total property value of $5,500,000 and a CAP rate of 9.97%, this is a lucrative opportunity for discerning investors. Don't miss out on the chance to add 3301 SOUTHERN BLVD to your portfolio. Contact our exclusive brokers at DAUM CRE and Western States CRE to learn more and make this property your next successful investment!

Listing Contacts

DC
AZ SA641240000
DAUM Commercial Real Estate Services Phoenix
TM
AZ AZ SA641547000
DAUM Commercial Real Estate Services Phoenix
CR
AZ SA634966000
DAUM Commercial Real Estate Services Phoenix
Listed by DAUM Commercial Real Estate Services Phoenix

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$548,085.00
$45,673.75/mo

Valuation Metrics

0
DSCR
9.97%
Cap Rate
9.97%
ROI

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Additional Information

Name
Michael Reneau
License
19679
Brokerage
Western States Commercial Real Estate
Brokerage Phone
505-585-5700
Title
Broker of Record
Brokerage Address
8912 Rio Grande Blvd NW Albuquerque, NM 87114
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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