Plaza East Shopping Center 3811 Cerrillos Rd 9,651 SF 100% Leased Retail Building Santa Fe, NM 87507 $5,295,754 ($548.73/SF) 7% Cap Rate

CBRE is pleased to offer to qualified investors the opportunity to acquire 100% fee simple interest in Plaza East Shopping Center (3811 Cerrillos Rd.) and leasehold interest in De Arcos Shopping Center (3875 Cerrillos Rd.) in Santa Fe, New Mexico. Comprised of primarily medical services tenancy, the properties offer an investor a predictable income stream from existing tenancy and upside value with lease-up potential.
Two (2) retail strip center buildings exceptionally positioned along major Santa Fe, NM arterial, Cerrillos Rd. (51,096 VPD). Both properties command unobstructed visibility
and access.
Located along the premier retail corridor in the high growth south side of Santa Fe. These two in-line Strip Center buildings are a part of a larger Community Shopping Center. Surrounding tenants include: Lowe’s Home Improvement, Sprouts Farmers Market, Sam’s Club, Target, Albertson’s, Ulta Beauty, Five Below, TJ Maxx, Total Wine, Ross, Michael’s, Best Buy, PetSmart, Dillard’s, JC Penny, H&M. National Restaurant Area Retailers: Chili’s, Olive Garden, Buffalo Wild Wings & Panera Bread.
Plaza East and De Arcos Shopping Center are located in close proximity to a substantial concentration of existing and planned residential and commercial development on Santa Fe’s growing south side. Additionally, the properties are 3 miles from Interstate 25 & Cerrillos Rd. exit; the first exit to Santa Fe f rom Albuquerque.