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.
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 6:23 am
Property Features for 4405 JAGER DR NE
General Information
- Standard status
- Active
- Size
- 29,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent MICHAEL RENEAU License #NM 19679
Listing office Western States Commercial Real Estate (505) 273-7169
Listing date Jun 16, 2026
Source Crexi
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
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).
- NNN leases with stable in‑place income and a mix of national and local tenants.
- Convenient access near US Hwy 550 and I‑25.
- Pending Tesla charging station noted for enhanced visibility.
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Rio Rancho
- County
- Sandoval
- State
- New Mexico
- Longitude
- -106.5753415
- Latitude
- 35.3266005
