Circle K Albuquerque, NM

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+

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