Catylist ID: #30648107
10% CAP Sale & Leaseback - Adult Entertainment Club
Retail-Commercial for Sale
|Catylist Listing ID:||30648107|
|Property Subtypes:||Tavern/Bar/Nightclub, Other|
|Building Size (RSF):||12,269 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||1.84 Acres|
|Sale Price:||$1,600,000 - 2,500,000|
|Unit Price:||$130.41 - 203.77 PSF|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment, Business|
|Sale Terms:||Cash to Seller, Owner Financing, Sale/Leaseback|
Overview / Comments
Northern New Mexico's only Adult Entertainment Club is available for Sale. High barrier to entry market with captive audience. No other zoning in the city permits this use. Ideal acquisition for an existing multi-state operator looking to expand their operations.
The owner is willing to sell outright or Leaseback for 5 Years while a developer determines their ideal exit strategy or redevelopment plan. Current gross income is $23,500/month from 5 Tenants. All of the Tenants are on short term leases but have been in operation for years, some over 25 years. Please email me for a Rent Roll. Tenants do not currently reimburse for NNN's. Owner will carry paper on the deal with a reasonable offer.
Annual Gross Income - $282k
Property Taxes - +/- $21,000/year
Liquor License and operating business convey with the business.
- The building is 12,269sf and sits on 1.84 acres.
- 230' of frontage along Cerrillos
- Located in the heart of Santa Fe along the main commercial arterial of the city
- 46,688 cars per day
** Seller will consider selling for $1.6m with no Lease Back and he will keep with Liquor License.
Attachments & Media
|Nearest MSA:||Santa Fe|
|Largest Nearby Street:||Cerrillos|
|Feet of Frontage:||230|
|Proximity:||1 mile||3 miles||5 miles|
Gannon CoffmanPegasus Group LLC CARNM CIE Member
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