3570 Cerrillos Rd
Santa Fe, NM
Price:
$2,000,000
Cap Rate:
5.00%
NOI:
$100,000
Building Size:
Approx. 3,053 Sq. Ft.
Lot Size:
Approx. 1.61 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2025
Investment Overview
- 2025 Construction. 3,053+/- SF Building on 1.61+/- Acre Site
- Brand New 20-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years in Both the Primary Term and Renewal Options
- Oversized 1.61 Acre Parcel on Cerrillos Rd Santa Fe’s Primary Retail Corridor with Over 41,100 Vehicles Per Day
- Dense Retail and Institutional Trade Area Anchored by numerous national brands including Target, Sam’s Club, and Walmart
- High-Volume Tourism and Cultural Market Attracting Approx. 3 Million Annual Visitors and $680 Million in Annual Spending
- Whataburger is the 4th Highest Performing Fast-Food Restaurant in the United States w/ $3.78B in Revenue Across their 1,100+ Locations
- Santa Fe | Capital and Cultural Center of New Mexico Ranked the #1 U.S. Travel Destination for 2025 | Population: 90,125+