101 Herdner RdTaos, NM 87571

Property Details for 101 Herdner Rd

Year built

2016

Lot size

0.84 AC

Property size (Sq ft)

5,460 SF

Property type

Other retail properties

Property subtype

Retail properties

Description

This exceptional 5,460 square foot retail property in Taos, New Mexico, presents a prime commercial investment opportunity. Located on a highly visible 0.84-acre lot on the main retail corridor, this newer strip center boasts strong national and regional co-tenancy, including Dollar Tree, Walgreens, Taos Lifestyle Furniture, T-Mobile, and Gandy Insurance. The property benefits from excellent traffic flow, with approximately 25,000 cars passing daily. Ample parking is available for customers and tenants. The surrounding area includes a variety of established businesses and services, such as Albertson's, Domino's Pizza, Harbor Freight, Baskin Robbins, Nusenda Credit Union, Taos High School, Kit Carson Electric Cooperative, the US Forest Service, and numerous medical and professional offices. This retail center features high-end tenant improvements and finishes in an open bay layout. The property is well-maintained, and transferable warranties are available. Two long-term leases are in place, extending until 2030, providing immediate and consistent income. The property benefits from high barriers to entry due to stringent local development and entitlement processes and a low market inventory of comparable vacancies. Detailed operating and financial information is available upon execution of a non-disclosure agreement. This is a rare opportunity to acquire a well-positioned, income-producing retail property in a thriving Taos market.

Location Insight

City

Taos

County

Taos

State

New Mexico

Latitude

36.3905

Longitude

-105.584

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