Espanola, NM Property For Sale and Lease

This is a very unique and special piece of real estate that includes the world renowned drive through burger restaurant, Dandy Burger, that has been in business for over 70 years in Espanola in this location. The Business is currently running and thriving. Business can convey under appropriate terms. The property also included around approximately 10000 sq ft of retail/office space that is currently leased to various tenant and has excellent investment potential. Well maintained, amazing location and lots of parking.

32,660+/- SF Retail Building along busy N. Riverside Dr - Espanola's primary retail corridor

15,700+/- SF available for occupancy

16,960+/- SF leased to Harbor Freight Tools

1.5+/- acres

Ideal for:

Owner/user interested in supplemental lease income; or

Tenant looking for space next to top performing national brand

Flexible Deal Structure - Available for Lease, Owner/User Purchase or Investment Sale

Sale Price $750,000

Price/SF $68.02

Net Operating Income (as is) $68,000

Cap Rate 9.07%

Property Highlights:

• 94% occupied retail center

• Upside potential by renewing leases with NNN and leasing ±6K SF storage

• Located at signalized intersection

• Good visibility with easy access

• Adjacent to iconic El Paragua Restaurant, Italian Infusion, Santa Claran Hotel & Casino

• Monument sign at corner

• Ample parking

• Owner financing available

Welcome to Espanola, New Mexico in the heart of Northern New Mexico. Espanola has historical, cultural, and economic importance to northern New Mexico. The population of the "greater Espanola area" is roughly over 40,000 people. The area provides much needed retail services such as food, soft goods, hard goods, etc. for the surrounding towns. Recently, Los Alamos National Laboratories has begun hiring an additional 1,000 new employees a year and currently sits at over 15,000 high paid employees 25 minutes to the west. This unprecedented growth of jobs has created a demand for more rooftops, apartments, hotels, and RETAIL. Come jump on this opportunity while the lab and city are growing!

Prime location on North Riverside Drive in Espanola. This Retail building can accommodate from 1 Single Tenant or up to 3 additional tenants depending on the floorplan and currently sits on .39 Acres. The building includes living space for a Live/Work tenant. Also, the adjacent land of .626 Acres is part of this sale to complete the full sale package for a total of just over 1.02 Acres. You can remodel the existing building to work with your design and business plan and use the vacant lot for overflow parking. OR redevelop the entire package and make a great retail center for your vision. Please do not disturb the current businesses/Tenant's.

Sale Price: $99,000 ($0.95/SF)

Available:

- Tract C-1: ±2.385 Acres

Zoning: Traditional Community, Santa Fe County

Property Highlights:

- Electricity inside property

- Property with CC&R’s

- Centrally located between Española, Santa Fe & Los Alamos

- Level & buildable site

- Great visibility

- Ideal size for owner/user

- Possible commercial use with Santa Fe County approval

- Modular homes permitted.

Sale Price: $495,000 ($1.10/SF)

Available:

- Land: ±10.25 Acres

Zoning: Traditional Community, Santa Fe County

Property Highlights:

- All-fenced property:

- Community water & electric on property line

- Good for cultivation or small scale organic farming

- 1-acre man-made pond

- 5 acres of acequia water rights

LOCATED IN THE PRIMARY RETAIL CORRIDOR

Sale Price:$895,000

Available:

- Building: ±1,200 SF

- Land: ±0.66 Acres

Zoning: B-2 General Commercial

Property Highlights:

- Building completed in 2018

- Fast food build-out with drive-thru

- FF&E included

- NNN Lease in place with percentage rent

- Pylon signage with high visibility on N. Riverside Dr.

- Strong traffic count of almost 20,000 cars per day

- Easy access

- Ample parking

> Jr. Anchor space located on Espanola's main retail arterial

> Excellent visibility on N Riverside Dr with traffic counts in excess of 25,300 VPD

> Proven market that trades regionally with Santa Fe and Los Alamos

> Abundant national retailers and restaurants in close proximity

> Full movement access

> Pylon signage available

Great Espanola location at the NW corner of Riverside Drive & Fairview Lane. Retailers close by include: Lowe’s, Starbucks, Wal-Mart, Chili’s, Pet Sense, Shoe Depot, Game Stop, Freddy's, McDonald’s, 24-hour Fitness, Big 5, Autozone, Sonic, CVS and Walgreens. Denny's & Del Taco currently under construction across Riverside.

Last used as a Lovelace. Multiple office spaces. Interior build-out could be removed leaving a large open space.

Additional land available.

End Cap retail space. This site is located on the west side of N. Riverside Drive just north of Lowdermilk. The parking lot is shared with Lowe’s, Starbucks, Wal-Mart, Chili’s, Pet Sense, Shoe Depot, Game Stop & Freddy's. McDonalds, CVS, Walgreens, AutoZone, Anytime Fitness and Big-5 are also very close-by.

Lease Rate: $18.00 PSF-PY

Offered as Absolute NNN

CAM: $2.25 PSF-PY

CAM also covers property tax and common area insurance.

End-cap formerly Baskin Robbins with drive-thru and grease trap right on Riverside Dr just south of the Fairview intersection. Other tenants include Russell Cellular and Speedy Loan. Access from Riverside Dr (35K cars per day) with street front signage.

Great location for retail or restaurant includes drive-through. Formerly Baskin-Robbins ice cream store

800 - 1,500 SF

Lease Rate - $13 PSF

± 20,000 Cars Per Day

2nd Generation Space

Warm Shell Delivery

T.I. Available

Tsay Corporation holds a master lease on over 200 acres of land on the Ohkay Owingeh Pueblo. They have allocated resources to update and redevelop some of their current structures on the site (see project list below). Tsay Corp is also opening up the site to allow outside developers, tenants, and retailers to lease ground space around these projects. This site is large enough to accommodate both Junior and large Box retailers, office, retail, industrial, hospitality, and multi-family development. Currently the site contains several office buildings, the Ohkay Travel Center, the Ohkay Owingeh Casino, the Ohkay Conference Center and a few small retailers. Large parcels of land are available next to the Ohkay Owingeh Airport that have been designated for industrial tenants.

Current Approved Projects:

*Complete renovation of the Ohkay Travel Center to include two new restaurant suites-Project to start Q3 2019

*Updating & Renovation of several hotel rooms at the Ohkay Casino-Completed in 2018

*Updating & Renovating the Ohkay Casino to include a new restaurant and night club-Renovations currently underway.

Riverside Plaza is a four tenant Retail and Office Strip Center in central Espanola, just 25 miles north of Santa Fe. The center is composed of a single building (1/4 of which is located at lower level or walk-out basement level). This neighborhood shopping center serves a large and diverse trade area and has high visibility and excellent traffic counts (35,757). All Retail Space fronts on Riverside Drive (Espanola' s Main Street). Existing Tenants include: Aaron' s (upper level); Espanola Family Chiropractic (lower level). Existing area retailers include: Walmart; Lowes Home Improvement; Lowes Super Market: Wells Fargo Bank; Bank of America; Chili' s; McDonald' s; Arby' s; KFC; Subway & Burger King.

Located on the main retail street (Riverside Drive - State Road 68) of Espanola with great visibility, this neighborhood shopping center serves a diverse and large trade area.

Many builder ready lots. Double wide manufactured housing on permanent foundations okay. Underground utilities in the streets.

Started with 55 lots to sell-they are moving quickly. Priced from $35,000 to $50,000 each. Contact me for current availability.

From Riverside Drive & Fairview Lane, drive east to El Llano Road and go South approximately 1/4 mile to Pima Road on the east side of El Llano Road. Pima Road is the entry to the Vista Del Rio subdivision. Multiple lots for sale.

Some lots are in Rio Arriba County and some are in Santa Fe County. If a lot is in both, the county where most of the lot is collects property taxes.

36°00'07.8"N 106°02'24.6"W

Sale Price:

$2,023,000

Land:

± 10.371

Property Highlights:

- Endless possibilities

- High Visibility

- Commercial & Residential uses permitted

- Great Location

- Full Access

- Portion of the property has residential zoning

- Seller to obtain commercial zoning prior to close

Lease Rate:

Ground lease: See Broker

Retail lease: See Broker

Sale Price:

$12-$18/SF

Land:

±17.088 Acres

Benefits:

Strategically positioned in the main retail corridor of Española Valley.

Most vibrant location in Española

Full access and excellent visibility

Fundamental proven retail location for northern New Mexico

Excellent national co-tenancy:

Super Walmart

McDonalds

Chili’s

Freddy’s

Autozone

Wendy’s

Taco Bell

LEASE PRICE:

$14-$16PSF

ZONING:

Business Commercial

BENEFITS:

Located at Española’s busiest intersections with over 35,000 cars per day

Most desirable location in the Española valley

Rare, full access site

Highly visible retail fronts and signage

Ideal for local and national tenants

Lease Rate:

Ground lease: See Broker

Retail lease: See Broker

Sale Price:

$12-$18/SF

Land:

±17.088 Acres

Benefits:

Strategically positioned in the main retail corridor of Española Valley.

Most vibrant location in Española

Full access and excellent visibility

Fundamental proven retail location for northern New Mexico

Excellent national co-tenancy:

Super Walmart

McDonalds

Chili’s

Freddy’s

Autozone

Wendy’s

Taco Bell

Riverside Plaza is a four tenant Retail and Office Strip Center in central Espanola, just 25 miles north of Santa Fe. The center is composed of a single building (1/4 of which is located at lower level or walk-out basement level). This neighborhood shopping center serves a large and diverse trade area and has high visibility and excellent traffic counts (35,757). All Retail Space fronts on Riverside Drive (Espanola’s Main Street). Existing Tenants include: PetSense & Aaron’s (upper level); Espanola Family Chiropractic & DMV Xpress (lower level). Existing area retailers include: Walmart; Lowes Home Improvement; Lowes Super Market: Wells Fargo Bank; Bank of America; Chili’s; McDonald’s; Arby’s; KFC; Subway & Burger King.

NOI = $174,827