3668 Cerrillos RdSanta Fe, NM 87507

Property Details for 3668 Cerrillos Rd

Lot size

0.66 AC

Property size (Sq ft)

5,475 SF

Property type

Commercial real estate

APN

54188416

APU

54188416

Description

This exceptional 5,527 square-foot single-tenant retail building is available for lease in Santa Fe, New Mexico. Situated on a 0.66-acre lot at 3668 Cerrillos Road, this property boasts a prime location within Santa Fe's busiest retail corridor, surrounded by major national retailers including Walmart, Sam's Club, Target, and many more. The building offers excellent visibility from a highly trafficked arterial road with 51,000 vehicles passing daily. Ample parking is provided with 21 on-site paved spaces. An approved pylon sign is already in place, ensuring maximum brand exposure. Conveniently located less than 10 minutes from I-25 (35,000 VPD), this property offers unparalleled accessibility. The C-2 zoning allows for a wide range of uses, including retail, restaurants, drive-thrus, office, medical, dental, educational, religious, and more. The lease rate is $15.20 per square foot, triple net (NNN), or $7,000 per month. Estimated CAM charges are $9-11 per square foot. Preferred lease terms include a 10-year term with a 3% annual rent escalation and a personal guarantee. This is a remarkable opportunity to establish a thriving business in a high-demand location.

• Alternative Use

  Use

  Valuation

  Residential

  $897,543

  Hospitality

  $822,144

  Educational

  $684,014

  Medical

  $707,539

  Retail

  $1,064,022

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6447

Longitude

-106.008

CBSA code

42140

CBSA name

SANTA FE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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