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Shopping Strip

Starbucks Drive-Thru / Verizon Shops

1404 N Riverside Dr, Española, NM 87532

Listing Price: $3,059,550

Cap Rate
6.00%
Gross SF
5,600
Rentable SF
5,600
Price/Gross SF
$546.35
Lot Size
0.59 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present for sale Starbucks Drive-Thru / Verizon Shops in Española, NM. The property is 100% leased to Starbucks, Verizon, Great Clips, and T-Mobile and is outparcel to Lowe's.

Española is a city primarily in Rio Arriba County, New Mexico, with a portion of the city located in Santa Fe County. Located within the Albuquerque-Santa Fe-Los Alamos combined statistical area, Española has an estimated 10,500 residents. Española sits halfway between Santa Fe and Taos and is 30 minutes from Los Alamos. The city itself is bordered by the centuries-old Santa Clara and Ohkay Owingeh Pueblos.

Investment Highlights

  • 100% Leased to 4 National Tenants: Starbucks, Verizon, Great Clips, and T-Mobile
  • All Triple-Net (NNN) Leases with Rental Increases and Renewal Options
  • Outparcel to Lowe's and Surrounded by Major Retailers: Walmart Supercenter, Chili's Grill & Bar, McDonald's, Wendy's, and More
  • Growing Trade Area Situated within an Hour's Drive of Northern New Mexico's Major Cities: Santa Fe, Taos, and Los Alamos
  • Minutes from Presbyterian Española Hospital, Northern New Mexico College, Ohkay Hotel Casino, and Santa Claran Hotel Casino
  • Close Proximity to Española and Rio Arriba County's Municipal Complex (Police Department, Courts, Educational Facilities, etc.) - All Municipal Services and Waste Management are Concentrated in this Area
  • Excellent Frontage and Accessibility Along North Riverside Drive (±32,300 Cars per Day), Española's Primary Thoroughfare
  • Average Household Income Exceeds $78,000 within the Surrounding Area

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Shopping Strip

Starbucks Drive-Thru / Verizon Shops

Listing Price: $3,059,550

Cap Rate
6.00%
Gross SF
5,600
Rentable SF
5,600
Price/Gross SF
$546.35
Lot Size
0.59 acres
Year Built
2017

Investment Highlights

  • 100% Leased to 4 National Tenants: Starbucks, Verizon, Great Clips, and T-Mobile
  • All Triple-Net (NNN) Leases with Rental Increases and Renewal Options
  • Outparcel to Lowe's and Surrounded by Major Retailers: Walmart Supercenter, Chili's Grill & Bar, McDonald's, Wendy's, and More
  • Growing Trade Area Situated within an Hour's Drive of Northern New Mexico's Major Cities: Santa Fe, Taos, and Los Alamos
  • Minutes from Presbyterian Española Hospital, Northern New Mexico College, Ohkay Hotel Casino, and Santa Claran Hotel Casino
  • Close Proximity to Española and Rio Arriba County's Municipal Complex (Police Department, Courts, Educational Facilities, etc.) - All Municipal Services and Waste Management are Concentrated in this Area
  • Excellent Frontage and Accessibility Along North Riverside Drive (±32,300 Cars per Day), Española's Primary Thoroughfare
  • Average Household Income Exceeds $78,000 within the Surrounding Area

Investment Overview

Marcus & Millichap is pleased to present for sale Starbucks Drive-Thru / Verizon Shops in Española, NM. The property is 100% leased to Starbucks, Verizon, Great Clips, and T-Mobile and is outparcel to Lowe's. Española is a city primarily in Rio Arriba County, New Mexico, with a portion of the city located in Santa Fe County. Located within the Albuquerque-Santa Fe-Los Alamos combined statistical area, Española has an estimated 10,500 residents. Española sits halfway between Santa Fe and Taos and is 30 minutes from Los Alamos. The city itself is bordered by the centuries-old Santa Clara and Ohkay Owingeh Pueblos.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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