Rio Rancho, New Mexico, offers a diverse range of shopping centers for sale, with 2 available listings to choose from. As a prime location for businesses, Rio Rancho's shopping centers attract a population of around 90,000 residents, providing a substantial customer base. These shopping centers can represent a variety of investments, from retail spaces to restaurants and specialty stores. Rio Rancho's amenities, such as A Park Above for youth recreation, the Sandoval County Municipal Courthouse, and the University of New Mexico's satellite campus, make it an attractive location for businesses. The city's infrastructure, including transportation options like ABQ RIDE bus routes and paratransit services, also supports the success of shopping centers. Additionally, Rio Rancho is home to notable companies like Intel Corporation, making it a great place for business and travel, with attractions like the Santa Ana Star Center and the National Speleological Society's annual convention.
Rio Rancho's shopping centers offer a unique opportunity for investors, with an average price per square foot of $259 USD and an average size of 12,467 square feet. The largest shopping center available is 12,467 square feet, providing ample space for various businesses. In addition to shopping centers, Rio Rancho also offers other property types, such as restaurants, with their own unique characteristics and investment opportunities. Specialty properties, like the Santa Ana Star Center, provide a range of possibilities for investors. Land is also available for development, with an average cap rate of 7.5%. Office properties, like those near the University of New Mexico's campus, offer a professional environment for businesses. With its diverse economy and range of amenities, Rio Rancho is an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Rio Rancho?
The average cap rate for shopping centers in Rio Rancho is 7.5%, making it an attractive option for investors looking to capitalize on the city's growing economy and diverse range of industries.
