New Albuquerque Circle K For
9620 Eagle Ranch Rd NW Albuquerque, NM
9620 Eagle Ranch Rd NW, Albuquerque, NM, 00000
Contact for pricing
For Sale
Contact for pricing
New Circle K on 1.57 acre site for sale.
Property Size3,700 SF
Lot Size1.39 Acres
Price / SF$507.16
Days on Market587
Property Features for 9620 Eagle Ranch Rd NW
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Lot size
- 1.39 Acres
- Property subtype
- RETAIL
Listing agency
Secure Net Lease - Dallas
(214) 522-7210
Listed by
Kyle Varni
(469) 694-4189
Source
Moodyscre
Added: Dec 12, 2024 Updated: Jul 6 at 10:50AM Checked: Jul 21 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas
Investment Insights
Based on property information with market context.
Constructed in 2023, this property features a building with an area of approximately 3,700 square feet, situated on a 1.57-acre site. The property is under an absolute NNN ground lease for a term of 15 years, which includes rental increases of 8% every 5 years, along with eight 5-year options to renew. The location is at the signalized intersection of Eagle Ranch Road, with a traffic volume of over 17,200 vehicles per day, and Irving Boulevard, which sees over 19,100 vehicles per day. The property feeds directly into Cottonwood Mall, less than a mile away. Circle K has a credit rating of BBB+ and operates over 15,000 locations with $7.8 billion in revenue. The property is located in Albuquerque, New Mexico.
Key Highlights
- 15 year absolute NNN ground lease with 8% rental increases every 5 years, plus (8) 5 year options to renew.
- Investment grade credit rating of BBB+ for Circle K.
- Located on the signalized intersection of two major streets: Eagle Ranch Road (17,200+ VPD) & Irving Boulevard (19,100+ VPD).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.8k | $24.00 |
| − Vacancy | −$5.3k | −$1.44 |
| EGI | $83.5k | $22.56 |
| − OpEx | −$20.9k | −$5.64 |
| NOI | $62.6k | $16.92 |
3,700 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$894.3K
$782.6K – $1.04M
NOI $62,604 @ 7.0% cap · market cap 3.34%
Second Best
Retail
$759.8K
$664.8K – $886.4K
NOI $53,186 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$895.1K
$783.2K – $1.04M
NOI $62,657 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CAR - ER
Auto Repair Shop
Mango Automotive
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - New Circle K on 1.57 acre site for sale.
Where is this gas station located?
The property is located at 9620 Eagle Ranch Rd NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $1,876,500.
What are key features of this property?
This property features: 15 year absolute NNN ground lease with 8% rental increases every 5 years, plus (8) 5 year options to renew.; Investment grade credit rating of BBB+ for Circle K.; Located on the signalized intersection of two major streets: Eagle Ranch Road (17,200+ VPD) & Irving Boulevard (19,100+ VPD).
