Power Center For Sale - Plaza @ Enchanted Hills

Shopping Center for Sale
Catylist Listing ID: 30045895
Property Subtypes: Power Center
Building Size (RSF): 163,081 SF
Gross Land Area: 15.18 SF
Sale Price: $27,000,000
Unit Price: $165.56 PSF
Property Use Type: Investment
Building Name: Plaza @ Enchanted Hills
Sale Terms: Cash to Seller
Cap Rate: 7.05%
Last Updated: 2/16/2018

Overview / Comments

Classic softgoods power center in an under-served trade area for retail and restaurants.
Tract J-1 with TJ Maxx, Bed Bath & Beyond, Michaels was completed in 2015 with tenant openings in 4th quarter 2015.
Tract J-2 with Ross, Burke's, and PetSmart was completed in 2016 with tenant openings in 4th quarter 2016.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Taxing Authority: Sandoval County
Retail Clientele: General, Family
Property Located Between: Enchanted Hills Blvd and NM 528
Property Visibility: Excellent
Largest Nearby Street: NM 528
Traffic/Vehicle Count: 26,100
Highway Access: NM 528
Airports: Albuquerque SunPort and Double Eagle municipal airport
Site Description: Over 15 acres of class A anchored retail in Rio Rancho, New Mexico. At the SWC of NM 528 at Enchanted Hills. Access from NM 528, Enchanted Hills and Lincoln Avenue.
Area Description: Plaza @ Enchanted Hills is uniquely positioned at the confluence of Rio Rancho, Town of Bernalillo, Santa Ana Pueblo. The center serves the immediate area and reaches east to the Village of Placitas, north and west to the Town of Cuba and surrounding areas. Rio Rancho has been identified as the, "fastest growing city in New Mexico". New area residential development is underway at this time.
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 2015
Parking Description: Ample surface parking throughout development.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,796 20,957 46,067
Median Age: 36.28 37.27 39.87
Households: 2,121 7,389 16,805

Contact

Photograph of Listing Agent

Stephen Lyon, CCIM

Pegasus Group LLC
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