2929 Cerrillos Rd - Freestanding FOR SALE


Santa Fe, NM 87507- Southwest Santa Fe
$4,044,308 USD
203-253-9455
2929 Cerrillos Rd, Santa Fe, NM for Sale
$4,044,308 USD
Freestanding - FOR SALE
1/2
null | 6.75% Cap Rate

2929 Cerrillos Rd
Santa Fe, NM 87507
Southwest Santa Fe


HIGHLIGHTS

  • Corporate Guarantee
  • Local Brand with a Successful, Long - Term Operating History
  • Attractive Rental Increases
  • Affluent Community and Robust Demographics

OVERVIEW

Surmount is pleased to present the exclusive listing for a Teamshares property (DBA Coronado Paint & Decorating) located at 2929 Cerrillos Road, Santa Fe, NM 87507. The site consists of roughly 20,232 rentable square feet of building space on an estimated 1.27-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease, which commenced on 8/25/2025. The current annual rent is $272,991 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$4,044,308 USD

PRICE/SF

$162 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Teamshares (DBA Coronado Paint & Decorating)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

011314816

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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