9620 Eagle Ranch Rd NW
Albuquerque, NM
Price:
$1,876,500
Cap Rate:
5.25%
NOI:
$98,500
Building Size:
Approx. 3,700 Sq. Ft.
Lot Size:
Approx. 1.57 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2019
Investment Overview
- 2023 Construction. 3,700+/- SF Building on 1.57+/- Acre Site
- 15 Year Absolute NNN Ground Lease with 8% Rental Increases Every 5 Years, Plus (8) 5 Year Options to Renew
- Large Format Store on Oversized Parcel – 1.57 Acres w/ 14 Fueling Positions & C-Store Building w/ Approx. 3,700 SF
- Located on the Signalized Intersection of Two Major Streets: Eagle Ranch Road (17,200+ VPD) & Irving Boulevard (19,100+ VPD)
- Feeds Directly into Cottonwood Mall, Less than a Mile Away, which is the Second Largest Mall in the State of New Mexico (1,041,680 SF)
- Circle K has a Investment Grade Credit Rating of BBB+ – With Over 15,000 Locations and $7.8 Billion in Revenue
- Albuquerque | New Mexico’s Largest City | Population: 561,008+