Espanola, NM Property For Sale and Lease

As you may know, Northern New Mexico is in a housing crisis, thanks to all of the new job growth is in desperate need for more housing.

A recent study by the NM Mortgage Finance Authority indicates that New Mexico has a housing shortage of over 32,000 units.

Knowing this, NM Apartment Advisors Inc. is excited to bring to market a 11.33 acre site that could potentially support a low density townhouse style community with 66 units.

Located just down the street from the famous Parasol restaurant and in the heart of Espanola, NM this 11.33 acres site has been held in the family for generations and is now available for development to meet the growing demand for all of the new jobs entering the market.

The property is located in one corner of the Los Alamos/ Espanola / Santa Fe employment triangle which contains 217,008 people with a median age of 45 and an average household income of $101,364.

This offering is available at $1,100,000 or $16,667 per unit. Projected rents are $1,825 per unit or $2.61/sf.

14 page flyer is available for review at http://www.nmapartment.com/apt/NMAA-LaJoyaLand.pdf

The current owners are glad to share conceptual site plans and development models to qualified developer/investors who complete the on-line confidentially agreement at http://www.nmapartment.com/lajoya

Help this community fulfill its needs and build to its potential by acquiring and developing this site!

Thanks,

Todd Clarke CCIM CIPS

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

Available: Unit F ±3,290 SF

Lease Rate: $12.00/SF + NNN

Highlights:

- Excellent national co-tenancy

- Easy access

- Ample parking

- Pylon signage available

- Open space (41’ x 80’) with two restrooms

- Neighboring tenants include KFC, Pizza 9, Snappy Lube, Fairview Pharmacy, Burger King, Pizza Hut and more

- Zoning: B2, General Commercial

HIGHLIGHTS

Strategically positioned at a signalized hard corner

On the main retail corridor of the Española Valley

Most vibrant location in Española

Full access and excellent visibility

Fundamental, proven retail location for northern New Mexico

Excellent national co-tenancy: Walmart - Top 5 in New Mexico

McDonald’s - #1 in New Mexico

Chili’s

Freddy’s

AutoZone

Wendy’s

Taco Bell

Dollar Tree

Dairy Queen

20-Mile Regional Draw Population: 67,200

Avg. Household Income: $94,408

Daytime Employment: 21,462

Espanola Southwest Corner of Riverside Drive and Lowdermilk Lane Zoned Commercial (B-2)

1 – 12+- Acres For Sale, Ground-Lease or Build-To-Suit Additional land can be added to the offering connecting the site to Fairview.

PROPOSED LOT SIZES

Call For Pricing

Hard corner is offered as Absolute NNN Ground-Lease only

B1, B2 and B3 are available as Land-Sale, Ground-Lease or BTS B2 and B3

This tract falls in line with Walmart, Lowe’s, Starbucks, PetSense, Chili’s, CVS with McDonalds, Del Taco, Denny’s, Walgreens and more right across Riverside Drive.

The NorthBridge Plaza site is arguably the best retail location north of Santa Fe up through the corridor to Colorado

Additional contiguous land can be added to the offering.

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

2 lots available. Priced at $36,500 and $55,000 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: $5,952,000

Lease Rate: See Advisors

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

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 NNN

- Excellent visibility from the busiest intersection in Española - Riverside Dr. and Fairview Ln.

- Great exposure to over 26,000 VPD. The intersection offers significant pedestrian and bicycle traffic.

- Fairview Lane is one of three river crossings, connecting to US-285 and Northern New Mexico.

- High volume trade area - Española serves as the retail hub for nearby Northern New Mexico’s small towns and farming communities

- Surrounded by National co-tenancy newly renovated facade, additional parking in the back of the WaFd Bank lot.

- Rare, full access on Riverside Dr. and cross access with WaFd Bank located at the intersection.

Corner of Fairview & Railroad Ave between Riverside Drive and Paseo de Onate.

I can email you video of spaces available.

Excellent Espanola office or retail space. Units available in Building A and B. 1,000 to 2,550+- square foot spaces available. NNN Leases.