7 Avendia Vista Grande - Freestanding FOR SALE


Santa Fe, NM 87508
$9,321,903 USD
505-837-4955
7 Avendia Vista Grande, Santa Fe, NM for Sale
$9,321,903 USD
Freestanding - FOR SALE
1/16
null | 8% Cap Rate

7 Avendia Vista Grande
Santa Fe, NM 87508


HIGHLIGHTS

  • High barrier to entry mountain market = Exclusive opportunity
  • Tenant longevity & sales success = Secure investment
  • Rent growth = Inflation hedge & Market growth = Predictable future
  • Asset size = Low management
  • Well capitalized consumer = Predictable spending pattern
  • Well maintained asset = Limited near-term capital exposure

OVERVIEW

Grocery-anchored neighborhood shopping center located in Santa Fe, New Mexico providing a stable and predictable cash flow. Offered at $9,321,903, an attractive 8.0% Going-In Yield providing ample positive leverage. Nestled in the sought-after affluent community of El Dorado, just 20 minutes from downtown Santa Fe, The Agora Shopping Center has been the heart of the neighborhood since 1992. Home to Eldorado’s only grocery store, it attracts over 10,000 resident visits each week. While Santa Fe offers additional shopping options, most El Dorado residents prefer the convenience of staying close to home, a key factor in The Agora’s long-standing success. Its distinctive central courtyard design is cherished by both tenants and visitors, creating a welcoming and vibrant gathering place. Offered at a sales price significantly below replacement cost, The Agora represents a rare investment opportunity, further strengthened by its deep community roots and the area’s high barriers to competition. This opportunity is located in one of the most sought after mountain markets in the region. Santa Fe offers stable market fundamentals and high barriers of entry. The last new shopping center developed in Santa Fe was in 2007. Additionally, the Eldorado trade area is home to some of the most affluent consumers in the state, with $138,000 average household income.

FOR SALE DETAILS

PRICE

$9,321,903 USD

PRICE/SF

$221 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Agora Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

129101035

ASK ABOUT THIS PROPERTY

James DountasCBRE, Inc.More Info
505-837-4955

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James DountasCBRE, Inc.More Info
505-837-4955

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