President

Anthony Johnson, President of Pegasus Group, LLC, is a highly respected figure in the commercial real estate industry and is known as one of New Mexico’s leading retail brokers. Before launching Pegasus Group, he served as Senior Vice President of Retail Services at Sedberry and Associates, and earlier built a successful career at CB Richard Ellis (CBRE), where he advanced to Vice President and led the New Mexico Retail Division. Active in professional circles, Anthony is involved with organizations such as the International Council of Shopping Centers and CARNM, and previously served as ICSC State Director from 1999 to 2004. He also contributes to numerous community and charitable initiatives. Anthony holds an undergraduate degree from Colorado College.

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.

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Pegasus Group is pleased to present for sale the fee simple interest (land and building) in a notable two-tenant investment opportunity in Albuquerque, NM. The Galleria @ Renaissance serves as a shadow-anchored shopping center to the major Regional Power Center, which is anchored by Home Depot, Costco, Sam’s Club, and Sportsman’s Warehouse. This high-yield investment offers a 7.85% initial return, with rents currently below market, providing potential upside over time. The property is valued well below replacement cost at $122 per square foot.
ODP Corporation, the parent company of Office Depot/OfficeMax and headquartered in Boca Raton, Florida, is a leading provider of business services, office supplies, products, and digital workplace solutions to small, medium, and enterprise businesses. ODP operates through an integrated B2B distribution platform that includes supply chain and distribution operations, dedicated sales teams, technicians, an online presence, and approximately 980 stores. The company generates annual sales of around $8.5 billion and employs roughly 38,000 people in the U.S.
Dollar Tree, Inc. is a Fortune 500 company headquartered in Chesapeake, Virginia, operating two major discount store brands: Dollar Tree and Family Dollar. With over 16,000 stores across the contiguous U.S. and Canada, the company is supported by a nationwide logistics network of 25 distribution centers. Dollar Tree has annual sales of approximately $28.3 billion and employs about 200,000 people in the U.S.
The property benefits from strong trade area demographics, with a population of approximately 940,000 within the Albuquerque MSA. The Galleria @ Renaissance is prominently positioned in the heart of the Albuquerque Metro area, near the I-25 and Montaño freeway exit. As the state’s primary commercial hub, Albuquerque draws significant traffic from all directions, enhancing the center’s visibility and customer accessibility.

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FourHills - Flyer.pdf

Welcome to 4 Hills Village, a premier retail destination in Albuquerque’s SE Heights. Anchored by well-known tenants including Sprouts, Michael’s, and Icon Cinema, the center offers an excellent environment for both national retailers and local dining concepts.
Ideally located across from Smith’s Grocery and just off the I-40 and Tramway interchange, 4 Hills Village benefits from outstanding visibility and easy access. Traffic counts exceed 72,000 vehicles per day along I-40 and over 50,000 vehicles per day at the Tramway & Central intersection, ensuring consistent exposure to shoppers and daily commuters.
Whether you’re an established brand seeking expansion or a local restaurant looking for a prime location, 4 Hills Village delivers a strong platform for success. Become part of this vibrant and growing retail hub.
Available spaces: 1,038 SF – 9,418 SF

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9500 Montgomery 2024 Flyer.pdf

•Convenient access from both Eubank and Montgomery
•Abundant on-site parking
•Situated within a densely populated residential area

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224 US 550 flyer.pdf

•Hard-to-find ±1.09-acre parcel in Bernalillo along Highway 550
•Multiple access points and strong daily traffic volumes
•Drive-thru use permitted
•Nearby tenants include Church’s Chicken, Mister Car Wash, Tractor Supply Company, O’Reilly Auto Parts, U.S. Bank, and Walgreens

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Location Amenities

10131Coors2024 1.pdf

Positioned at the prime hard corner of Coors and 7-Bar, Cottonwood West Shopping Center is anchored by Albertsons, Marshalls, JoAnn Fabrics, Harbor Freight, and several dining options. The center benefits from strong visibility and steady traffic, with 26,000 vehicles per day. Recent upgrades have enhanced both the common areas and the property’s façade, contributing to a refreshed and attractive retail environment.
Retailers at Cottonwood West continue to post above-average sales and double-digit year-over-year growth. A junior anchor space of approximately 19,000 SF is available next to Marshalls. The property also offers potential for drive-thru development and features excellent inline shop space opportunities.
Additional highlights include:
•Pylon signage
•Location at a signalized intersection

•Prime end-cap suite with direct access to the breezeway
•Lease rate excludes utilities, property expenses, and building services
•Partially built out for standard retail use
•Positioned in-line with neighboring retail spaces
•Suite is in excellent condition
•Equipped with central air conditioning
•Desirable corner location

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Pegasus Retail

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