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.