Log In/Sign Up
Your email has been sent.
Teamshares (DBA Coronado Paint & Decorating) 2929 Cerrillos Rd 20,232 SF Retail Building Santa Fe, NM 87507 $4,044,308 ($199.90/SF) 6.75% Cap Rate
Investment Highlights
- Corporate Guarantee
- Attractive Rental Increases
- Local Brand with a Successful, Long - Term Operating History
- Affluent Community and Robust Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Teamshares property (DBA Coronado Paint & Decorating) located at 2929 Cerrillos Road, Santa Fe, NM 87507. The site consists of roughly 20,232 rentable square feet of building space on an estimated 1.27-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease, which commenced on 8/25/2025. The current annual rent is $272,991 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,232 SF
Building Class
C
Year Built
1995
Price
$4,044,308
Price Per SF
$199.90
Cap Rate
6.75%
NOI
$272,991
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
1.27 AC
Opportunity Zone
Yes
Frontage
182’ on Cerrillos Road
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 011314816 | Improvements Assessment | $1,170,633 |
| Land Assessment | $692,597 | Total Assessment | $1,863,230 |
Property Taxes
Parcel Number
011314816
Land Assessment
$692,597
Improvements Assessment
$1,170,633
Total Assessment
$1,863,230
Contacts
-
Edward Otocka -
Ryan Sblendorio -
Gordon Pollock -
Joseph Kelly -
Glen Kunofsky -
Christopher Marks -
Surmount
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Teamshares (DBA Coronado Paint & Decorating) | 2929 Cerrillos Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.