3899 Cerrillos Rd

Exceptional Starbucks NN leased investment in Santa Fe, NM. Constructed and opened in 2007, this 1,920 square foot building has been successfully operated by Starbucks Corp. (S & P: BBB+) for 18 years. This is a top performing location being #1 out of 7 stores within 30 miles and #13 out of 64 stores in New Mexico (Placer.ai). As one of the first Starbucks locations in Santa Fe, the success of this location has maintained strong performance while the company has continued to build-out the market, adding a store to the north and south.

This free-standing building is ideally located along the premier retail corridor in the high growth south side of Santa Fe. It is a part of a larger, well-established Community Shopping Center benefiting from strong sales and heavy customer visits. The Center has unobstructed visibility, prominently positioned on the corner of Santa Fe’s most significant retail intersection.

Cerrillos Road is Santa Fe’s primary arterial bringing in vehicle traffic from Interstate 25 and continuing into Santa Fe’s historic downtown plaza and the State Capitol’s busy government epicenter.

Occupancy - 100%

Tenant - Starbucks

NOI - $132,000 Annually | Cap Rate 5.5%

Credit Rating - BBB+

Lease Term Remaining - 8 Years and 3 months (6/30/2033 Expiration)