Espanola, NM Retail Property For Sale

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Retail for Sale

Espanola, NM 87532

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.

Retail for Sale

Espanola, NM 87532

32,660± SF Retail Building along busy N. Riverside Dr - Española’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

Retail for Sale

Espanola, NM 87532

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

Retail for Sale

Espanola, NM 87532

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.

Retail for Sale

Espanola, NM 87532


Sale Price:$895,000


- 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

Retail for Sale

Espanola, NM 87532

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.

Retail for Sale

Espanola, NM 87532

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

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