Shops to Super Walmart | Santa Fe, NM
5701 Herrera Drive, Santa Fe, NM 87507
National NNN Credit Tenants - Upside Potential for Rents - Outparcel to Super Walmart. We are pleased to offer to qualified investors a fully stabilized, newly built multi-tenant retail building that is situated on a Walmart Supercenter outparcel, just off the I-25 in Santa Fe, NM. At approximately 12,338 square feet of building area, the property is comprised of national tenants with strong credit and brand strength. Moreover, all are brand new leases, offering investors zero near-term rollover. The anchor tenant, Aaron' s, has just signed a 10 year lease with 2 - 5 YR options. Aaron' s is a specialty retailer serving consumers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and accessories in over 2,100 company operated and franchised stores in the United States and Canada. Aaron' s generated over $2.7 Billion in revenues, employing over 12,400 employees. Additional tenants in the building are Express Cash, Great Clips, NutriShop, and Subway, all of which will greatly benefit from a rapidly growing trade area as well as consistent traffic driven by the Walmart Supercenter.
Shops to Super Walmart
Gross Leasable Area: 12,338 SF
Property Type: Retail
Property Sub-type: Strip Center
Property Use Type: Net Lease Investment with 10+ years left on lease
Cap Rate: 5.90%
Property on Ground Lease: Yes
Year Built: 2015
Lot Size: 0.90 AC
Listing ID: 19482965
Shops to Newly Developed Super Walmart 100% Occupied
Brand New Construction.
5 Tenant National NNN Credit Tenants.
Just Off I-25 Major High Traffic Thoroughfare.
Over 23,000 AADT.
Located on Cerrillos Road Primary Corridor in Santa Fe Below Market Rents Long Term Upside Potential Low Downsize Risk
Long Term NNN Leases Excellent Rental Increases for All Tenants.
This is a unique opportunity to purchase a newly built, attractive retail building comprised of stable, national brands anchored by a publically-traded Tenant and located as an outparcel to a Walmart SuperCenter, just off the I-25 in the growing city of Santa Fe, NM.