SWC Northern Blvd & Moccasin Rd NE | Rio Rancho, NM 87124
Retail Strip Center in Rio Rancho, NM
Marketing description
Rio Rancho is the most populous city in Sandoval County and the third-largest city in New Mexico, located twelve miles north of Albuquerque within the broader Albuquerque MSA. The city has emerged as one of the fastest-growing and safest communities in the Southwest, recognized by Money Magazine as one of America’s 50 Best Cities to Live. Its economy spans advanced manufacturing, healthcare, defense, education, and retail — anchored by an employer base that collectively supports over 78,000 employed residents within a 15-minute drive of Country Club Center.
The most significant near-term demand catalyst is Castelion’s Project Ranger: a $220 million, 21-building campus breaking ground in Sandoval County in 2025, expected to generate $650 million in cumulative economic output over ten years and create approximately 300 high-wage jobs. Combined with Intel’s ongoing $4 billion facility expansion and Kirtland AFB’s $7.5 billion annual economic footprint, the trade area’s long-term consumer spending trajectory is well-supported.
Investment highlights
Country Club Center is a stabilized, income-producing retail center with a near-term lease roll that creates a well-defined valuecreation path. The primary objective is to preserve and grow NOI through active leasing while strategically positioning the property for a cap-rate-compressed exit as Rio Rancho’s employment base strengthens.
Lease-up and mark-to-market: the Brew Lab 101 (5,775 SF at $9.77/SF) and Mesa Club (1,600 SF at $9.50/SF) suites are materially below current market rents of $13–16/SF for inline space. Lease renewals and re-tenanting at market represent $20,000–$35,000 in additional annual NOI.
Rent escalations in place: the majority of leases carry 3–5% annual bumps or fixed escalations, providing organic NOI growth without re-leasing risk.
Retail pad optionality: the ±0.53-acre outparcel is currently vacant and not priced into the offering — a ground lease or build-to-suit transaction would add material value above the asking price.
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