Ski Tech-Best Daze

Retail: Freestanding

905 S St Francis Dr, Santa FeNM 87505

Property Details

Location

Address
905 S St Francis Dr, Santa FeNM 87505
County
Santa Fe
Submarket
Parcels
10680192

Building Size

Building Size
4,735 SF
Rentable Space
4,735 SF

Building Details

Type
 Retail: Freestanding
Number of Buildings
2
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Year Built
Sprinklers
Yes
Total Parking
12
Parking Ratio

Land & Utilities

Land (Acres)
0.3 Acres
Land (SF)
13,068 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
BCD
Lot Depth
Lot Width

Contacts

Current Listings

St. Francis/Cerrillos Retail Investment

4,735 SF$930,000
Cap Rate: 8.1%
dRoberts Realty, LLC

When did you last see a real estate investment like this in Santa Fe!

Rare investment property consisting of two high visiblity buildings, each with a tenant located on the same parcel. Both leases together throw off more than $76,000 NOI annually with NNN leases (minimal owner expenses). Ski Tech rent increases annually by CPI but no more than 5% or less than 2%.

Buildings and lot are in excellent condition. Best Daze just completed a top-to-bottom renovation. Both buildings have metal roofs.

The property wraps around Starbucks on the east and north sides. Ski Tech (Lease expires 2025) is on the SE corner of Mercer and US-285-South St. Francis Drive between Railyard Urgent Care and Starbucks. Best Daze (leaser expires 2024 with two renewal options) sits between high-traffic La Choza on Alarid and Starbucks on US-285. Latest Traffic Count on US-285 at Mercer is 40,873/cars/day (ESRI-Q1 2022).

With 19 on-site and 16 off-site parking spaces, the businesses enjoy exceptional parking.

This is a 8% yield cash-flowing investment with exceptional rental history in an outstanding location requiring minimal owner involvement.

Both 906 South St. Francis Drive and Starbucks are also available for purchase.

dRoberts Realty, LLC

When did you last see a real estate investment like this in Santa Fe!

Rare investment property consisting of two high visiblity buildings, each with a tenant located on the same parcel. Both leases together throw off more than $76,000 NOI annually with NNN leases (minimal owner expenses). Ski Tech rent increases annually by CPI but no more than 5% or less than 2%.

Buildings and lot are in excellent condition. Best Daze just completed a top-to-bottom renovation. Both buildings have metal roofs.

The property wraps around Starbucks on the east and north sides. Ski Tech (Lease expires 2025) is on the SE corner of Mercer and US-285-South St. Francis Drive between Railyard Urgent Care and Starbucks. Best Daze (leaser expires 2024 with two renewal options) sits between high-traffic La Choza on Alarid and Starbucks on US-285. Latest Traffic Count on US-285 at Mercer is 40,873/cars/day (ESRI-Q1 2022).

With 19 on-site and 16 off-site parking spaces, the businesses enjoy exceptional parking.

This is a 8% yield cash-flowing investment with exceptional rental history in an outstanding location requiring minimal owner involvement.

Both 906 South St. Francis Drive and Starbucks are also available for purchase.

View Details
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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CARNM

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