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College Plaza South 2400-2446 Cerrillos Rd 1,116 - 9,283 SF of Retail Space Available in Santa Fe, NM 87505
Highlights
- High traffic count
- Grocery anchored by Smith’s
- Restaurant spaces available
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Unit 2420 | 2,023 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $32,368 /YR $2,697 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Unit 2420 & 2422 | 4,139 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $66,224 /YR $5,519 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Unit 2422 | 1,116 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $20,088 /YR $1,674 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Unit 2426 | 2,005 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
2404-2446 Cerrillos Rd - 1st Floor - Ste Unit 2420
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Grocery-anchored center
- Excellent visibility on Cerrillos Road
- Rear overhead door available in Unit 2420
- Surrounded by national retailers
- Strong demographics: $105K avg. HH income
- Ample front and rear parking
2404-2446 Cerrillos Rd - 1st Floor - Ste Unit 2420 & 2422
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Grocery-anchored center
- Excellent visibility on Cerrillos Road
- Rear overhead door available in Unit 2420
- Surrounded by national retailers
- Strong demographics: $105K avg. HH income
- Ample front and rear parking
2404-2446 Cerrillos Rd - 1st Floor - Ste Unit 2422
College Plaza South offers a prime retail leasing opportunity in one of Santa Fe’s most active commercial corridors. Located at 2400 Cerrillos Road, this established shopping center benefits from high visibility and traffic counts exceeding 45,000 vehicles per day. The center is anchored by major national tenants including Smith’s Food & Drug and Planet Fitness, creating a steady draw of daily foot traffic and consumer engagement. Available units range from ±1,116 SF to ±4,108 SF, with flexible configurations to suit a variety of retail concepts. Unit 2420 includes a rear overhead door, ideal for businesses requiring light logistics or deliveries. The site features ample parking in both front and rear areas, and is surrounded by a strong mix of co-tenants such as Chick-fil-A, The Paleta Bar, and Hearing Aid Center. The property is also adjacent to New Mexico State Offices and future redevelopment sites, enhancing long-term growth potential. With competitive lease rates and a location in a thriving retail hub, College Plaza South is an ideal setting for new or expanding businesses seeking visibility, accessibility, and synergy with established brands.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Grocery-anchored center
- Excellent visibility on Cerrillos Road
- Rear overhead door available in Unit 2420
- Surrounded by national retailers
- Strong demographics: $105K avg. HH income
- Ample front and rear parking
2404-2446 Cerrillos Rd - 1st Floor - Ste Unit 2426
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 9,283 SF | Gross Leasable Area | 119,627 SF |
| Center Type | Community Center | Total Land Area | 12.19 AC |
| Parking | 521 Spaces | Year Built | 1980 |
| Center Properties | 3 | Cross Streets | Cerrillos Rd. & St. Michael''s Dr. |
| Total Space Available | 9,283 SF |
| Center Type | Community Center |
| Parking | 521 Spaces |
| Center Properties | 3 |
| Gross Leasable Area | 119,627 SF |
| Total Land Area | 12.19 AC |
| Year Built | 1980 |
| Cross Streets | Cerrillos Rd. & St. Michael''s Dr. |
About the Property
AVAILABLE: Unit 2420: 2,992 SF, $16.00/SF + NNN (Space comes with an overhead door in the back), Unit 2422: 1,116 SF, $18.00/SF + NNN, Units 2420 & 2422: 4,139 SF, $16.00/SF, Unit 2426: 2,005 SF, $20.00/SF + NNN | ZONING: C-2, General Commercial | HIGHLIGHTS: Establish shopping center - great for new business, Grocery anchored by Smith’s Food & Drug and Planet Fitness, Ample parking (back and front), More than 45,000 cars per day, Competitive lease rates in a busy retail corridor, Co tenants include: Smith’s, Chick fil A, Planet Fitness, The Paleta Bar, Hearing Aid Center, Tandy Leather
Nearby Major Retailers
