For Sale - Destination Shopping Center in Rio Rancho, NM

For Sale

 

Location Map
  • Brokers:
    Name
    Alfredo Barrenechea
    Email
    alfredo@go-absolute.net
    Phone
    505-401-0135
  • Address: 1520 Deborah Rd SE Rio Rancho, NM 87124
  • Property Status: Active
  • Sale Pricing: $1,595,000
  • Property Information:
    Cap Rate
    8.33%
    Size
    +/- 14,419 SF
    Property Type
    Retail
    Number of Spaces
    16
    Property Description:

    Absolute Investment Realty has been selected to exclusively represent the owner in the sale of Lujan Plaza, a centrally located multi-tenant shopping center in one of the fastest growing cities in the US, Rio Rancho, NM. Lujan Plaza serves as a hub location for small businesses along the busy NM HWY 528 commuter corridor. The property enjoys great visibility and easy access to 528 via Barbara loop and an access drive immediately west of the center. It is well maintained with a brand new 20 year TPO roof, new stucco, and attention to heating/cooling comfort. Tenants enjoy monument signage on Deborah, as well as building signs facing 528 and in front of their individual suite. This center is a staple in Rio Rancho. Featuring affordable rents, and an excellent location Lujan Plaza spurs the growth of its tenants. Several of the tenants have been in this location for many years and have become a fixture in the community.

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