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Whataburger 3570 Cerrillos rd 3,053 SF 4-Star Retail Building Santa Fe, NM 87507 $2,000,000 ($655.09/SF) 5% Cap Rate
Investment Highlights
- 2025 Construction. 3,053+/- SF Building on 1.61+/- Acre Site
- Dense Retail and Institutional Trade Area Anchored by numerous national brands including Target, Sam’s Club, and Walmart
- Whataburger is the 4th Highest Performing Fast-Food Restaurant in the United States w/ $3.78B in Revenue Across their 1,100+ Locations
- Oversized 1.61 Acre Parcel on Cerrillos Rd Santa Fe’s Primary Retail Corridor with Over 41,100 Vehicles Per Day
- High-Volume Tourism and Cultural Market Attracting Approx. 3 Million Annual Visitors and $680 Million in Annual Spending
- Santa Fe | Capital and Cultural Center of New Mexico Ranked the #1 U.S. Travel Destination for 2025 | Population: 90,125+
Executive Summary
Brand New 20-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years in Both the Primary Term and Renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,053 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$2,000,000
Price Per SF
$655.09
Cap Rate
5%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.61 AC
Zoning
F1 - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 014126464 | Improvements Assessment | $0 |
| Land Assessment | $854,318 | Total Assessment | $854,318 |
Property Taxes
Parcel Number
014126464
Land Assessment
$854,318
Improvements Assessment
$0
Total Assessment
$854,318
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Whataburger | 3570 Cerrillos rd
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