Property summary
This exceptional investment opportunity presents a 15,067 square foot Walgreens located at 7850 Enchanted Hills Blvd NE, Rio Rancho, NM 87144. The property sits on a 1.72-acre lot with 95 parking spaces and benefits from a highly visible, signalized hard corner location with approximately 150,685 vehicles per day passing by. The property is an absolute NNN lease with a credit-rated corporate guarantor, eliminating landlord responsibilities. The current lease, with Walgreens, a Fortune 500… company with a BB credit rating, has a remaining term of 11.9 years, extending to September 30, 2036, and includes eight, five-year lease options. The lease commenced January 28, 2002, and was recently extended. The property boasts a strong net operating income (NOI) of $316,122, resulting in a 6.25% cap rate. This Class B retail property is part of a thriving shopping center, situated near other major retailers including Albertson's and Walmart, and is conveniently located near Santa Ana Star Casino Hotel, US Highway 550, and the New Mexico Soccer Tournament Complex. The surrounding area demonstrates significant growth, with a 16.57% population increase within a one-mile radius since 2020, and an average household income exceeding $129,400 within the same radius. The asking price for this exceptional investment is $5,058,000.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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