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Circle K 9620 Eagle Ranch Rd NW

3,700 SF Retail Building Albuquerque, NM 87114 $1,876,500 ($507/SF) 5.25% Cap Rate

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Investment Highlights

2023 Construction. 3,700+/- SF Building on 1.57+/- Acre Site
Located on the Signalized Intersection of Two Major Streets: Eagle Ranch Road (17,200+ VPD) & Irving Boulevard (19,100+ VPD)
Circle K has a Investment Grade Credit Rating of BBB+ - With Over 15,000 Locations and $7.8 Billion in Revenue

Large Format Store on Oversized Parcel - 1.57 Acres w/ 14 Fueling Positions & C-Store Building w/ Approx. 3,700 SF
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)
Albuquerque | New Mexico’s Largest City | Population: 561,008+

Executive Summary

15 Year Absolute NNN Ground Lease with 8% Rental Increases Every 5 Years, Plus (8) 5 Year Options to Renew

SECURE NET LEASE OM

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Convenience Store

Building Size

3,700 SF

Building Class

Year Built

2023

Price

$1,876,500

Price Per SF

$507

Cap Rate

5.25%

NOI

$98,516

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

1.57 AC

PROPERTY TAXES

Parcel Number	1-013-065-333004-4-03-45	Improvements Assessment	$150,623
Land Assessment	$151,059	Total Assessment	$301,682

PROPERTY TAXES

Parcel Number

1-013-065-333004-4-03-45

Land Assessment

$151,059

Improvements Assessment

$150,623

Total Assessment

$301,682

(469) 694-4189

Contacts

Kyle Varni
Ben Johnson
Bob Moorhead
Secure Net Lease

Listing ID: 33858403
Date on Market: 11/13/2024
Last Updated:
Address: 9620 Eagle Ranch Rd NW, Albuquerque, NM 87114

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9620 Eagle Ranch Rd NW, Albuquerque, NM for sale Building Photo- Image 1 of 4 — SNL Crexi Property Photo (7)

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