3899 Cerrillos Rd | Santa Fe, NM 87507
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3899 Cerrillos Rd
Santa Fe, NM 87507
Starbucks-Grocery Anchored-Signalized Corner · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Top performing location, #1 out of 7 within 30 miles #13 out of 64 within NM
- Major Santa Fe trade area proximate to residential, retail, medical, auto dealerships & Interstate 25
- Located at Hard Corner of Cerrillos Rd & Zafarano Dr
- Santa Fe has high barriers to entry
EXECUTIVE SUMMARY
Exceptional Starbucks NN leased investment in Santa Fe, NM. Constructed and opened in 2007, this 1,920 square foot building has been successfully operated by Starbucks
Corp. (S & P: BBB+) for 18 years. This is a top performing location being #1 out of 7 stores within 30 miles and #13 out of 64 stores in New Mexico. As one of the first Starbucks locations in Santa Fe, the success of this location has maintained strong performance while the company has continued to build-out the market, adding a store to the north
and south.
This free-standing building is ideally located along the premier retail corridor in the high growth south side of Santa Fe. It is a part of a larger, well-established Community Shopping Center benefiting from strong sales and heavy customer visits. The Center has unobstructed visibility, prominently positioned on the corner of Santa Fe’s most significant retail intersection.
Cerrillos Road is Santa Fe’s primary arterial bringing in vehicle traffic f rom Interstate 25 and continuing into Santa Fe’s historic downtown plaza and the State Capitol’s busy government epicenter.
Corp. (S & P: BBB+) for 18 years. This is a top performing location being #1 out of 7 stores within 30 miles and #13 out of 64 stores in New Mexico. As one of the first Starbucks locations in Santa Fe, the success of this location has maintained strong performance while the company has continued to build-out the market, adding a store to the north
and south.
This free-standing building is ideally located along the premier retail corridor in the high growth south side of Santa Fe. It is a part of a larger, well-established Community Shopping Center benefiting from strong sales and heavy customer visits. The Center has unobstructed visibility, prominently positioned on the corner of Santa Fe’s most significant retail intersection.
Cerrillos Road is Santa Fe’s primary arterial bringing in vehicle traffic f rom Interstate 25 and continuing into Santa Fe’s historic downtown plaza and the State Capitol’s busy government epicenter.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,920 SF
Building Class
C
Year Built
2007
Price
$2,400,000
Price Per SF
$1,250
Cap Rate
5.50%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.64
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C2
Parking
28 Spaces (14.58 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Food Court
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 012492990 | Improvements Assessment | $387,264 |
| Land Assessment | $460,710 | Total Assessment | $847,974 |
PROPERTY TAXES
Parcel Number
012492990
Land Assessment
$460,710
Improvements Assessment
$387,264
Total Assessment
$847,974
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