1630 Rio Rancho - 100% NNN Leased Retail Shops

Pegasus Group, LLC is excited to offer the opportunity to acquire the fee simple interest (land and building) in a fully leased NNN retail strip center located within the Hilltop Plaza Shopping Center in Rio Rancho, New Mexico. The center is anchored by Defined Fitness and its new pickleball concept, along with NAPA Auto Parts and Big O Tires, and is nearby key tenants such as Smith’s Grocery (Kroger) and Walmart Neighborhood Market.
Strategically located along a major retail corridor in a thriving, affluent community, the property features scheduled annual rent increases across base terms and option periods, providing a natural hedge against inflation and predictable long-term cash flow. With four leases of varying terms, the center offers a diversified income stream and minimal landlord responsibilities due to its NNN lease structure.
Occupying a high-visibility 1.03-acre front-row pad along the heavily trafficked Rio Rancho Blvd., the property provides ample parking and flexible site configurations suitable for a variety of tenant operations. The current tenant mix includes NextCare (Lovelace Health System), Urban Wellness, Gonzales Jiu-Jitsu, and Boba Catch, combining healthcare, wellness, fitness, and specialty food services. This diverse tenant base provides a mix of local and corporate credit across resilient sectors, enhancing investment stability, with all leases featuring annual rent escalations to support year-over-year income growth.
The center sits on a prime corner at the signalized intersection of Rio Rancho Blvd. and Sara Rd., which sees nearly 45,000 vehicles daily. It anchors a key retail node adjacent to the 200+ acre Intel (NASDAQ: INTC) campus, a major employer in the area, and benefits from nearby schools, parks, and community retail that generate consistent traffic and strong consumer activity.
Within a five-mile radius, the trade area includes 149,088 residents and 59,903 households with an average household income exceeding $115,000, highlighting robust spending power and continued growth. With its favorable demographics, stable tenancy, and strategic location, this Rio Rancho property represents a compelling, inflation-protected investment in one of New Mexico’s fastest-growing submarkets.