1001 New Mexico Hwy 528

New Mexico > Rio Rancho

1001 New Mexico Hwy 528 - 1001 New Mexico Hwy 528, Rio Rancho, NM 87124

1001 New Mexico Hwy 528, Rio Rancho, NM 87124

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1001 New Mexico Hwy 528 for Lease

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Unit Single Tenant Net-Lease CVS (Leasehold Interest)

Available December 15, 2023

Available on
December 15, 2023
Time on Market
6 months
Last updated
Dec 14, 2023
Space ID
2153659

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Property Details

Property Benefits

. Building Size: +/- 14,213 SF; Land Size: +/- 1.13 Acres. Highest trafficked intersection in Rio Rancho. Over 59,600 vehicles per day at the intersection of Hwy 528 and Southern Blvd. Rio Rancho (part of the Albuquerque MSA) is one of the fastest growing cities in New Mexico. Strong real estate fundamentals. Hard corner, signalized intersection. Neighboring tenants include Walmart Neighborhood Market, Smith’s, Murphy Express and Popeyes among many others.

Investment Highlights

. Single-Tenant Net-Lease CVS (Leasehold Interest). About 13 years of firm lease term remaining with CVS. Long-term underlying ground lease with options extending out to the year 2050. Low rental rates on CVS and underlying ground lease. Investment grade tenant