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- LoopNet Team
3294 Cerrillos Rd
Santa Fe, NM 87507
Savers - Single Tenant Net Leased Investment · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
ABOUT 3294 CERRILLOS RD , SANTA FE, NM 87507
CAP Rate: 6.25% •Eight (8) year term remaining on a 10 year lease, plus two (2), five year options. $8.00/SF for the first five years, with $1.00/SF increases every five years (including renewals). •Savers, Inc. has been in business since 1954. They operate 340 stores in 25 US States and 10 Canadian provinces with 20,000 team members. •Double net (NN) lease structure. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes and utilities. Landlord is responsible for roof and structure. •Income producing cell tower ground lease. $1,075/monthly with approximately two years remaining on a five year lease. Four additional five year options with 3% annual increases. •The property is located in the main retail corridor of the Santa Fe Trade area with strong surrounding retailers and high traffic counts.
PROPERTY TAXES
| Parcel Number | 010227584 | Improvements Assessment | $1,947,041 |
| Land Assessment | $1,584,966 | Total Assessment | $3,532,007 |
PROPERTY TAXES
