4440 Cerrillos Rd | Santa Fe, NM 87507
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4440 Cerrillos Rd
Santa Fe, NM 87507
Ashley Homestore · Retail Property For Sale
Investment Highlights
- #1 Home Furniture Retailer in North America by Revenue | 112 Unit Licensee
- Passive NN Lease | Limited Landlord Responsibilities | Fee Simple Ownership
- 6 Miles from Downtown Santa Fe | 0.3 Mi from 762,866 SF Santa Fe Place Regional Mall
- Long-Term Commitment 10-Year Original Lease | 4.3 Years of Firm Term Remaining | FMV Increases at Each Option
- Strong Retail Corridor | Located on Cerrillos Rd / Hwy 14 (26,137 VPD)
- Excellent Visibility & Access | Diverse Economic Center | Strong Demographics in 5-Mile Trade Are
Executive Summary
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Ashley HomeStore in Santa Fe, NM.
NN Lease Structure
4.3 Years of Lease Term Remaining
Fee Simple Ownership Interest
NN Lease Structure
4.3 Years of Lease Term Remaining
Fee Simple Ownership Interest
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
29,500 SF
Building Class
B
Year Built
2014
Price
$5,800,000
Price Per SF
$197
Cap Rate
7.35%
NOI
$426,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
2.67 AC
Zoning
Commercial (NEC) - Commercial
Parking
87 Spaces (2.95 Spaces per 1,000 SF Leased)
Frontage
495 FT on Cerrillos Road
PROPERTY TAXES
| Parcel Number | 099305521 | Improvements Assessment | $2,407,228 |
| Land Assessment | $1,110,257 | Total Assessment | $3,517,485 |
PROPERTY TAXES
Parcel Number
099305521
Land Assessment
$1,110,257
Improvements Assessment
$2,407,228
Total Assessment
$3,517,485
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