4405 JAGER DR NE RIO RANCHO NM 87144-5709
100% Leased | Stable Retail Anchor
Marketing description
Enchanted Hills Plaza is a 100% leased, Dollar Tree–anchored multi-tenant retail center located in Rio Rancho’s fast-growing Enchanted Hills trade area. The ±29,000 SF property features a strong mix of national and local tenants, NNN lease structure, stable in-place income, and a 7.15% cap rate with $470,021 NOI. Positioned near expanding residential development and major retailers including Walmart, Home Depot, Ross, and Albertsons, the asset benefits from strong consumer draw, convenient access to US Hwy 550 and I-25, and approximately 61,000 residents within five miles. A pending Tesla charging station further enhances the property’s visibility and long-term traffic potential.
Investment highlights
• 100% leased ±29,000 SF multi-tenant retail center
• Dollar Tree–anchored asset with strong national and local tenant mix
• NNN lease structure with stable in-place income
• 7.15% cap rate with $470,021 NOI
• Located in Rio Rancho’s fast-growing Enchanted Hills trade area
• Immediate access to US Hwy 550 and convenient regional connectivity to I-25
• Surrounded by major retailers including Walmart, Home Depot, Ross, and Albertsons
• Strong area demographics with approximately 61,000 residents within 5 miles
• Positioned near expanding residential development and continued trade area growth
• Pending Tesla charging station adds future traffic draw and site visibility
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