New Albuquerque Circle K For
For Sale
Contact for pricing
9620 Eagle Ranch Rd NW, Albuquerque, NM
New Circle K on 1.57 acre site for sale.
Property Size3,700 SF
Lot Size1.39 Acres
Price / SF$507.16
Days on Market633
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) 522-7200
Listed By:
Bob Moorhead
(214) 522-7210
Source:
Moodyscre
Added: Dec 12, 2024
Changed: Aug 8
Last Checked: Sep 5 at 4:35PM
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).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,604
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,252,080
$1.3M
Cap Rate 7%
$894,343
$894.3K
Cap Rate 9%
$695,600
$695.6K
Market Conditions
NOI Build-Up for 3,700 SF
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.
Gross rent
$88.8K $24.00/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$83.5K $22.56/SF
− OpEx
−$20.9K −$5.64/SF
NOI
$62.6K $16.92/SF
Area
Albuquerque, NM
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,252,080
Cap Rate 7%
$894,343
Cap Rate 9%
$695,600
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
505k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 51%
Shops & Services 24%
Apparel 14%
Dining 10%
Target
Superstores
133,142 visits/mo
0.2 miles
Costco Wholesale
Superstores
125,220 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
42,482 visits/mo
0.4 miles
Ross Dress for Less
Apparel
41,237 visits/mo
0.4 miles
Dollar Tree
Shops & Services
22,941 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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).
