Dollar Tree-Anchored Retail
For Sale
Contact for pricing
4405 JAGER DR NE, Rio Rancho, NM 87101
100% leased NNN retail center anchored by Dollar Tree, offering stable in-place tenancy for retail investors.
Property Size29,000 SF
Price / SF$226.68
Days on Market51
Property Features for 4405 JAGER DR NE
General Information
Standard status
Active
Size
29,000 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
7.15%
Highway Access
Yes
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
Western States Commercial Real Estate
(505) 273-7169
Listed By:
MICHAEL RENEAU · License #NM 19679
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 4 at 2:17PM
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 Western States Commercial Real Estate
Investment Insights
Based on property information with market context.
Enchanted Hills Plaza is a 100% leased, Dollar Tree–anchored multi-tenant retail center built for long-term occupancy under an NNN lease structure. The property totals about 29,000 SF and includes a mix of national and local tenants. Current investment metrics cited for the asset include a 7.15% cap rate and $470,021 in NOI.
The center is located in Rio Rancho’s Enchanted Hills trade area, positioned near expanding residential development and major retailers such as Walmart, Home Depot, Ross, and Albertsons. Access is described as convenient to US Hwy 550 and I-25, supporting regular customer flow. A pending Tesla charging station is also noted as a factor intended to enhance visibility going forward.
For buyers seeking a retail asset with stabilized occupancy, Enchanted Hills Plaza combines a strong anchor with in-place tenant income under a triple-net structure. The tenant mix and NNN framework may appeal to investors looking for hands-off ownership while maintaining exposure to a retail-focused trade area supported by surrounding development and nearby big-box draws.
The center is located in Rio Rancho’s Enchanted Hills trade area, positioned near expanding residential development and major retailers such as Walmart, Home Depot, Ross, and Albertsons. Access is described as convenient to US Hwy 550 and I-25, supporting regular customer flow. A pending Tesla charging station is also noted as a factor intended to enhance visibility going forward.
For buyers seeking a retail asset with stabilized occupancy, Enchanted Hills Plaza combines a strong anchor with in-place tenant income under a triple-net structure. The tenant mix and NNN framework may appeal to investors looking for hands-off ownership while maintaining exposure to a retail-focused trade area supported by surrounding development and nearby big-box draws.
Key Highlights
- Enchanted Hills Plaza is 100% leased and Dollar Tree‑anchored multi‑tenant retail center.
- 29,000 SF retail property built in 2005 with a NNN lease structure.
- Stated financials: $470,021 NOI and a 7.15% cap rate (per listing).
Financial Insights For 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 | $546.4k | $18.84 |
| − Vacancy | −$36.1k | −$1.24 |
| EGI | $510.3k | $17.60 |
| − OpEx | −$153.1k | −$5.28 |
| NOI | $357.2k | $12.32 |
29,000 SF · lease $18.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.10M
$4.47M – $5.95M
NOI $357,210 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.18M
$6.28M – $8.38M
NOI $502,790 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
323k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Apparel 25%
Dining 20%
Groceries 14%
Albertsons
Groceries
46,388 visits/mo
0.2 miles
T.J. Maxx
Apparel
42,655 visits/mo
0.5 miles
Whataburger
Dining
30,978 visits/mo
0.3 miles
Ross Dress for Less
Apparel
27,758 visits/mo
0.4 miles
PetSmart
Shops & Services
26,695 visits/mo
0.4 miles
Demographics for 87101, NM
19
Population
16
Households
1.2
Avg Household Size
52
Median Age
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Bosque Encantado Gatehouse — 408 Sheriff's Posse Rd, Bernalillo, NM 87004
- Ross — Unnamed Road, Bernalillo, NM 87004
- Plaza @ Enchanted Hills — 7817 Enchanted Hills Blvd NE, Rio Rancho, NM 87144
Frequently Asked Questions
What type of property is this?
Shopping center - 100% leased NNN retail center anchored by Dollar Tree, offering stable in-place tenancy for retail investors.
Where is this shopping center located?
The property is located at 4405 JAGER DR NE Rio Rancho, NM.
What is the asking price?
The asking price for this property is $6,573,720.
What are key features of this property?
This property features: Enchanted Hills Plaza is 100% leased and Dollar Tree‑anchored multi‑tenant retail center.; 29,000 SF retail property built in 2005 with a NNN lease structure.; Stated financials: $470,021 NOI and a 7.15% cap rate (per listing).
