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3201 Zafarano DrSanta Fe, NM 87507

Grocery-anchored retail center, high occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a multi-tenant, grocery-anchored retail center strategically located in Santa Fe, New Mexico's premier retail corridor. The property encompasses 52,646 square feet across four buildings situated on a 4.59-acre lot. Boasting a remarkable 97.6% occupancy rate, the center generates a strong net operating income (NOI) of $1,043,144. The tenant roster includes a diverse mix of national and regional brands such as Sprouts Market, Starbucks, Aspen Dental, Verizon Wireless, Papa Murphy's, Great Clips, UPS Store, Farmers Insurance, Mariner Credit Union, Miracle Ear, Eyemart, Comfort Dental, Ultra Health, and Latinos Mini Mart. The property benefits from high visibility and excellent traffic counts, further enhanced by its proximity to established residential areas, new developments, and major thoroughfares including Interstate 25. A recent 15-year lease extension with Sprouts Market anchors the center's long-term stability. The surrounding area features a robust retail landscape including Lowe's, Regal Cinemas, Sam's Club, Target, and numerous national restaurants and businesses, creating a synergistic environment for continued success. This core+ investment presents a compelling opportunity to acquire a high-performing asset in a thriving market with significant growth potential. The property's strong tenancy, high occupancy, and prime location make it an attractive investment for discerning buyers seeking stable returns and long-term appreciation.

Highlights

  • Multi-tenant, grocery-anchored retail center in Santa Fe, NM's premier retail corridor.
  • Sprouts Market recently signed a 15-year lease extension.
  • High barrier to entry market with strong tenant mix.
  • Diverse tenant roster including national and regional brands.
  • Excellent location near established and developing residential areas, major thoroughfares, and I-25.

Property Details for 3201 Zafarano Dr

Property type
Lifestyle centers, Power centers
Square Feet
52,646 SF
Buildings
4
Lot Size (sq. ft)
199,940 SF

Location Insight

City
Santa Fe
County
Santa Fe
State
New Mexico
Latitude
35.6451413
Longitude
-106.0131404
3201 Zafarano Dr, Santa Fe, New Mexico

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3201 Zafarano Dr
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