3201 Zafarano DrSanta Fe, NM 87507

Property Details for 3201 Zafarano Dr

Lot size

2.55 AC

Property size (Sq ft)

33,881 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

99306818

APU

99306818

Description

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.

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6449

Longitude

-106.013

CBSA code

42140

CBSA name

SANTA FE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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