2710 Cerrillos Rd - Freestanding FOR SALE


Santa Fe, NM 87507- Southwest Santa Fe
$4,182,000 USD
505-235-7585
2710 Cerrillos Rd, Santa Fe, NM for Sale
$4,182,000 USD
Freestanding - FOR SALE
1/9
null | 5.5% Cap Rate

2710 Cerrillos Rd
Santa Fe, NM 87507
Southwest Santa Fe


HIGHLIGHTS

  • Single-Tenant AutoZone Hub Store
  • Fronts on Cerrillos Rd with over 44,700 VPD
  • Hard corner, signalized intersection (53,406 VPD)
  • Nearby retailers include Smith’s, Chick Fil A, Walmart, and Home Depot among many others
  • High visibility location with large pylon sign
  • Limited landlord responsibilities

OVERVIEW

Flanagan Investment Real Estate is pleased to offer for sale a single-tenant, AutoZone Hub store in Santa Fe, NM. Santa Fe is the capital of New Mexico and barriers to entry are extremely high within this market. The property is located on Cerrillos Rd which is the main thoroughfare through Santa Fe with traffic counts exceeding 44,700 vehicles per day. AutoZone recently signed a new 20-year lease demonstrating their commitment to the site. This is a fee simple deal which includes both land and building. The store is approximately +/- 18,010 sq. ft. situated on about +/- 1.79 acres. This is a proven trade area with synergy from neighboring tenants including Walmart, Home Depot, Chick Fil A, and Smith’s among many others. The lease features limited landlord responsibilities. AutoZone is a strong, credit tenant with a current credit rating of BBB. AutoZone is the largest automotive parts retailer and continues to grow and expand its business. This investment benefits from the new long-term lease and its exceptional location. The site is located on the main thoroughfare in Santa Fe surrounded by numerous retailers and employers in a very high barriers to entry market. The lease structure and credit tenant combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.

FOR SALE DETAILS

PRICE

$4,182,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

-

APN/PARCEL ID

018101181

ASK ABOUT THIS PROPERTY

Cole FlanaganFlanagan Investment Real EstateMore Info
505-235-7585

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Cole FlanaganFlanagan Investment Real EstateMore Info
505-235-7585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.