3301 Southern Blvd Rio Rancho, NM 87124

This exceptional investment opportunity presents the Country Club Center, a stabilized Class B shopping center totaling 39,685 square feet situated on 5.46 acres in Rio Rancho, New Mexico. Located on Southern Boulevard SE, a major thoroughfare boasting 24,000 vehicles per day, this multi-tenant property offers significant upside potential. The center currently enjoys a 96.2% occupancy rate with 14 units, generating a strong Net Operating Income (NOI) of $428,700 and an 8.15% cap rate. The asking price is $5,260,126, translating to $132.55 per square foot. Built in 1988, the property features a single building with 38,177 net rentable square feet and ample parking (5.59 spaces per 1,000 sq ft). The property is zoned SU and benefits from a robust surrounding population with high consumer spending power. The land value alone is $135.37 per square foot. This NNN-leased shopping center presents a value-add opportunity, including a pad-ready site for future development. The center is strategically located in Rio Rancho, New Mexico's most populous city, part of the Albuquerque metropolitan area, and benefits from a diverse economy encompassing customer service, manufacturing, healthcare, education, retail, and tourism. This is a rare opportunity to acquire a well-performing retail asset in a thriving market.